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Kylan_Laymance
Jun 4, 2015 9:28 PM

Butterfly Pattern, Usd/Chf , 30 min Long

U.S. Dollar/Swiss FrancFXCM

Description

This is my trade hedging for the NZD/ USD trade, although this trade appears to be a bit stronger, being that the butterfly pattern completed in both negative deviations. So if this market respects the pattern , we should see a rally to the 1.618 extension of the BC leg.

Limit is the 1.618 extension of BC
Entry is the Point B of the butterfly pattern
Stop is at point X of the butterfly pattern

Thanks for checking this out , please like comment and follow.

Thanks again , Good trading
Comments
marcomaher123
USD/CHF Kylan
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