Sandeep_Gupta
Long

Bullish Butterfly

FX:USDCHF   U.S. Dollar/Swiss Franc
34 3 0
Ratio wise it is an butterfly , but If we take trend line into consideration then risk is more, please examine and comment.
dojitrader
2 years ago
Like the look of this chart and when I was checking it out I noticed a potential "little butterfly"
IF, and it's a big if I'm sure, the market turns immediately the possibility of this little guy
seems to confirm to the pip the big guy. It does have a very deep A to B leg but the confirming
1.618 fib ext of A to B is also right nearby just as it is in the big guy - right to the pip.
which is why I would not argue with the idea that the spike low should be used for X
snapshot

Well, just an interesting add on IF the price action works out that way.
I'll be looking to trade this with a small stop and if it goes to the trend line
trade it again.
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Sandeep_Gupta
2 years ago
Thank you for the comment and liking the idea. Both are same you draw it on H4 time frame and I draw it on D1 chart.
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ForceFollower
2 years ago
Anyway, first new lows... :-)
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