Kylan_Laymance
Short

Butterfly pattern 30 GBP/USD

FX:GBPUSD   British Pound/U.S. Dollar
After completing the crab pattern posted yesterday, we noticed that the market rallied into new structure highs. In the new consolidation I see a butterfly pattern on the 30 min GBP/USD             charts. I caught it a little late but i'm getting in halfway down the trend still leaving me a roughly 2:1 risk reward and some decent profit. I believe that the market will continue to rally down into previous structure highs where I will get out. Dont forget to follow like and comment what you see and your own opinions. Good trading!

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ddp922
2 years ago
What is your target exit
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Kylan_Laymance ddp922
2 years ago
anywhere between previous structure high and the 1.618 extension of the BC leg, i'm following it with my stops
Reply
Kylan_Laymance Kylan_Laymance
2 years ago
Trailing my stops i guess you might say
Reply
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