Neel_K
Short

A German Butterfly in Making

FX:GER30   DAX index of German listed shares
70 2 4
I have noticed that Butterflies have usually failed for this pair in the past. Lets see how this one shapes up.
What SL would you set on it through? A return to X (support) would be reasonable to achieve which might just go on to touch the 38.2.
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Neel_K PRO CromerKing
Yes, Gary one could look to enter only for partial 236 retracement until X leg, based on other entry signals. ATR based stops could be used. I would not have believed this was going to go this way.. earlier in the week.
snapshot
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