USDCAD 4H Butterfly Pattern On my RADAR Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Dec 7, 2015 9:48 AM

USDCAD 4H BUTTERFLY PATTERN
Entry:
1.3440-1.3460
SL: 1.3490
TP: 1.2850
Risk Reward: 1:9

1.3460 Is also the Monthly 0.618 Level
This Trade I will rate : AAAAA
LOL

Trade active

⋅ Dec 7, 2015 2:02 PM

ALL shorting order filled.
1.3485 is the AB=CD and the 1.618 EX

Comments

kopparam

⋅ Dec 7, 2015 7:31 PM

dhanes71

⋅ Dec 7, 2015 5:10 PM

This one is hard

prashantfx

⋅ Dec 7, 2015 3:12 PM

am also booked loss @ 1.35100 :-(

thomas_moyse

⋅ Dec 7, 2015 3:07 PM

me... got stopped out at 1.3510

JQ8282

⋅ Dec 7, 2015 3:02 PM

Trade as per plan, i am out.

mabforex

⋅ Dec 7, 2015 3:01 PM

Are u still in this trade tnt?

Pennington1

⋅ Dec 7, 2015 2:56 PM

looks strong

prashantfx

⋅ Dec 7, 2015 2:57 PM

yeah looks very strong ..

prashantfx

⋅ Dec 7, 2015 2:57 PM

coz oil going down oneway

marcus123

⋅ Dec 7, 2015 10:29 AM

If the M1 61.8 retrace holds, this could well be a good short. A lot of historical support at this level (on monthly); nice divergence on the W1 MACD, etc.