TradingView
WilliamSurya
Apr 18, 2017 4:28 PM

USDCAD: Butterfly on Descending Triangle Pattern Short

U.S. Dollar/Canadian DollarFXCM

Description

Reason to entry:
-Butterfly Pattern
-fib confluence at 1618 completion
-1272 completion at descending triangle resistant
-RSI near overbought

Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion

Exit:
-38.2% retracement
-61.8% retracement

Void if:
-Failed pattern

Remember that market always right!
Manage your trade well!
More