This is a counter-trend trade setup. However, the risk to reward ratio isn't the best, at the 2nd target it does not produce 2 times of the reward to the initial risk.
Something for you to consider.
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A bullish Shark has formed up I will go long once market open, my Initial Stops and Target as listed.
If you like to have better reward:risk you have to wait for the price retrace back to point D to engage the trade, significant adjustment, the disadvantage is that you may miss the trade.
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I will need to see a candle confirmation at the formation of this bearish butterfly.
Although we are trading in the sell zone, we are in a counter-trend trade.
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