A potential bearish butterfly is already completed and another upcoming bearish Bat Pattern Setup is soon to form inside the bear butterfly prz (127.20-161.80). Trade with care and wisely.
We could aggressively short/sell this market if price reach or get back to the 127.20% price level and stops just above the 161.80% or wait for the completion of the bear bat at the 88.60% price level for a possible 1:5 RRR, but take note that this could be riskier. Whatever suits your risk management or how much you're willing to risk is good for a trade plan, so plan your trade and trade your plan. Good luck!
We could aggressively short/sell this market if price reach or get back to the 127.20% price level and stops just above the 161.80% or wait for the completion of the bear bat at the 88.60% price level for a possible 1:5 RRR, but take note that this could be riskier. Whatever suits your risk management or how much you're willing to risk is good for a trade plan, so plan your trade and trade your plan. Good luck!
Note
TP1 reached if you have taken the setup.
Success, nothing less!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Success, nothing less!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.