After getting stopped out on a weak gartley pattern
, I decided to give it one more try with a butterfly pattern
that is a bit more solid. I have my buy in at the current market price of .0157000 and OI have my stop just below point X. My limit is placed at the 1.618 extension
of the BC
leg giving me a roughly 2:1 risk reward ratio. I also have a linear regression
channel that suggest that the market will reverse here.
Thanks for veiwing , please feel free to comment and like your opinions.
And as always follow me for stocks and forex predictions , Good trading !