Reason to entry:
-Butterfly pattern
-strong support at 1618 completion (also as descending triangle support trendline)
-previous structure have strong rejection at completion point
-always wait for RSI confirmation
Entry:
1272 butterfly completion.. or
1618 butterfly completion
Exit:
-382 retracement
-618 retracement
Void if:
-failed pattern or premature reversal
-if price breakdown the descending triangle support, reverse position as continuation
Remember that market always right!
Manage your trade well!
-Butterfly pattern
-strong support at 1618 completion (also as descending triangle support trendline)
-previous structure have strong rejection at completion point
-always wait for RSI confirmation
Entry:
1272 butterfly completion.. or
1618 butterfly completion
Exit:
-382 retracement
-618 retracement
Void if:
-failed pattern or premature reversal
-if price breakdown the descending triangle support, reverse position as continuation
Remember that market always right!
Manage your trade well!