SHORT on the Bear Bat/Butterfly Pattern.
We could go long and take targets at the pattern completion. You could wait for a pullback or so or any other buy setup on the LTF. Could also wait for market conso and a good breakout to the upside.
As of now we got 2 setups to go short. Either at the Bear Bat pattern completion confluence with the completion of bear Butterfly pattern. Or price could still go and extend taking and completing the other setup that could also be a Bear Alt-Shark pattern (113% XA) and a Crab Pattern Setup (161.80%). And take note also of this one that the bear Butterfly has a range of completion from the 127.20% - the 161.80% (yellow line).
So to speak. We could go and aggressive sell the market on the 1st setup completion (bear bat and butterfly) at the 1.0092-1.0122 or could wait for further price action or confirmation. So stops would be above our Point of validity (yellow line).
TP1: 1.0005
TP2: 0.9950
As of now we got 2 setups to go short. Either at the Bear Bat pattern completion confluence with the completion of bear Butterfly pattern. Or price could still go and extend taking and completing the other setup that could also be a Bear Alt-Shark pattern (113% XA) and a Crab Pattern Setup (161.80%). And take note also of this one that the bear Butterfly has a range of completion from the 127.20% - the 161.80% (yellow line).
So to speak. We could go and aggressive sell the market on the 1st setup completion (bear bat and butterfly) at the 1.0092-1.0122 or could wait for further price action or confirmation. So stops would be above our Point of validity (yellow line).
TP1: 1.0005
TP2: 0.9950
Comment:
Take note that we are near to completion to go short aggressively or wait for another confirmation. Make sure to follow your trade plan. Caveat.
Comment:
We are near to our pattern completion as the latest high went just 10 pips from the completion.
Comment:
Hi guys. Take note that we completed our bear patterns for us to enter Short. Or enter short based on your trade plans and rules. Caveat.
Comment:
We are already near to our TP 1. We can go and lock profits accordingly or what ever rules on how you manage your trades prior near to our exit for TP 1.
Comment:
If you have taken the bear setups. TP 1 is already attained.
Comment:
Hi guys we got SO with a BE but tp 1 was attained. Its up to you if u wanna re enter short with same TP 1 and TP 2.