benm536
Short

Bearish Butterfly pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
This is a lovely example of a bearish butterfly pattern, this pattern was identified when the first candle came down at the PRZ so i called it letter than usuall but better late than never

from this trade you would have entered on the first candle the reversed at the prz and would have entered at the completion of this candle as you can see the targets are as shown my person trade management rules are open 1 full position risking 3 percent of the account exit half the position at the target 1 level and then exit the remainder at target 2

If you can draw a trend line down from the price moving down then use this also as an exit stratagie and if the trend line brakes exit the position this is if the target 1 or 2 is not reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out