not a trade I'll be taking since I don't day trade on mondays. but
if you front run your orders this would already be filled, so follow your rules!! on whether you would still take this or not...
entry @ 117.96
traditional targets @ fib retracement .382 and .618
Trade entry has already happened. forgot to post but decided to post anyway, kinda learning experience etc.
double bottom oversold
wait for break above close above
then buy the fib .618 retracement
i personally measure out for a 1:1 RR
using 1 ATR as stop loss and retraceing to the new high close
target1 .618 fib
this is just how I trade the butterfly, follow your own rules on how you trade it, if its in your portfolio or trading plan.
sorry forgot to put it on the chart, but the entry is an 1.618 extension of AB leg
traditional targets: fib .382 and .618
haven't share anything in a long while. well here's one I've been eyeing up. lets see what the market will give us.
good luck and good trading
any and all comments, likes welcome
Potential Bullish Bat Pattern is setting up. It's just now testing the "B" point
entry will be @ 1.0019
with Target 1 @ 1.0072
and Target 2 @ 1.0104
stops can be either the 1.13 or i use a 1ATR stop
Good Luck and as always any and all comments/likes are welcomed