BUTTERFLY BEAR | H4 (LONG & SHORT)
We have a perfect butterfly pattern on
GBPCAD
but the current price level is the H4 and Weekly resistance zone, hence its an important level. Nonetheless, if we break above it, then next stop is the C point, which is seating at a very comfortable Daily resistance level :) As usual, am selling it at C and buying it at D (it might take a while before we get to D but a pending order will not decompose..hehehe).
Good Luck.
GBPCAD
but the current price level is the H4 and Weekly resistance zone, hence its an important level. Nonetheless, if we break above it, then next stop is the C point, which is seating at a very comfortable Daily resistance level :) As usual, am selling it at C and buying it at D (it might take a while before we get to D but a pending order will not decompose..hehehe). Good Luck.
Trade active:
Sell limit order filled
