quantafund1979
Short

GBPUSD BUTTERFLY SHORT MODE

FX:GBPUSD   British Pound/U.S. Dollar
209 3 12
1. Butterfly pattern SHORT mode
2. There is strong resistance on the left structure(Mar 13th to Apr             14th)

WAIT! WAIT! WAIT! DO NOT HURRY.
OBSERVER the price action at zone 1.4699 to 1.4796
THEN enter
Stop loss is 1.4822
TP1: 1.4373
TP2: 1.4168
Comment: The price nearly touched the edge of the price zone 2 hours ago.
Keep watching. Don't rush.
Comment: The price nearly touched the edge of the price zone 2 hours ago.
Keep watching. Don't rush.
Comment: Enter at 1.4708.
Stop loss is 1.4820.
Comment:
snapshot

Resistance of 1H chart, the lower redline
Resistance of Daily chart, the upper redline
Watch the price action, then move on
Comment:
snapshot

HOLD YOUR POSITION
Comment:
snapshot
Comment:
snapshot

GETTING CLOSE
Nice, although I think there is potential it could head to 1.4812 and complete a crab pattern...
GBPUSD - SHORT
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thank you.
Reply
Nice work!
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