dojitrader
Short

Butterfly Flew Out Of Studying traderWgun Complex EW

FX:GBPCAD   British Pound / Canadian Dollar
132 views
2
132 0
A reasonably harmonic/symmetrical Butterfly pattern caught my eyes
as I was studying this chart from traderWgun:
https://www.tradingview.com/v/tCEHfDLW/#...
trying to figure my entry and risk noticed the butterfly lands
right on the entry where A = C of the X leg near the top
of the entry zone marked on his hourly chart. Plus, this current C
wave seems to be subdividing into a clear 5 waves,
and all happening at what I would consider the
first line of resistance from the daily chart .
It's all looking so sweet I figure it will not require much risk
in that it if the harmonics fall apart I want out. OR, if they
remain there should be a fairly abrupt reversal.
I'm starting to smack my lips - never a good sign !
However, the risk is well defined and the reward Huge,
so, I'll be there !
Thanks to traderWgun for all his great work !!!!

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out