There are many ways to play out a butterfly pattern, but I stuck strictly with the rules of the pattern for the best probability. Scott Carney says that the most critical number is the 1.27 of the XA leg extension. So that's where I placed my entry and I put my stops above previous structure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.