Described in chart. In this situation, what would you do? I am leaning towards the bearish Butterfly for now...
Trade active
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Pretty impulsive move up but right at the top of this channel and completed 3 bullish "waves"...I'll take a shot and when in profit look to move to breakeven a little sooner
@tekonn92, I wish I knew my friend. To be truthful and in hindsight it was not the best idea to attempt a short based on the bullish momentum in this pair since this morning. I even alluded to this in my post but didn't listen to myself. I guess it is part of trading.
I am in the trade myself but no guarantee it will turn and it will not be a losing trade -- I am just trading on probabilities and the opportunities I see. What is your view?
SharkbaitAl
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@SharkbaitAl, Also, I believe Trump is speaking...no clue about what and I don't really care to know though ;)