Good afternoon everyone, here we have a Bearish butterfly pattern having formed from USD/CAD on a 4 hour chart.
The valid ratios for a Butterfly pattern are:
X-B: 0.786
A-C: 0.382-0.886
B-D:1.61-2.61
X-D 1.272
This is an excellent trading opportunity with a risk reward of 1:3
I hope yous all have a good week ahead folks and feel free to ask questions or keep in touch.
The valid ratios for a Butterfly pattern are:
X-B: 0.786
A-C: 0.382-0.886
B-D:1.61-2.61
X-D 1.272
This is an excellent trading opportunity with a risk reward of 1:3
I hope yous all have a good week ahead folks and feel free to ask questions or keep in touch.