We got 3 potential setups right here. Take note of the bull butterfly, we could go long at the completion at 111.65 with a zone down to 111.18. Stops would be below the 161.80% of XA butterfly pattern. And if price break/touch the red dotted line (A point of the potential bear gartley) it would invalidate the bear setups. We could go short on the bear setups with SL above its X point.
Comment:
Bullish Butterfly Pattern is already completed.
Comment:
Bull Butterfly Completion at 111.65
TP1: 112.35
TP2: 112.78
Stops would be below 111.18 (161.80%)
TP1: 112.35
TP2: 112.78
Stops would be below 111.18 (161.80%)
Trade closed: target reached:
If you have taken the butterfly you have reached TP1.