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Andre_Cardoso

(4h) Bearish Butterfly & Structure Breakout

Short
U.S. Dollar / Singapore Dollar (FX_IDC:USDSGD)  
Andre_Cardoso Updated   
FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
USDSGD usdsgdshort Harmonic Patterns Bearish Patterns Butterfly
6
0
usdsgd usdsgdshort harmonicpatterns bearish butterflypattern
USDSGD

Example of 1:2 risk/reward at 1st target the 38% from the pattern completion point;

Butterfly Pattern // Engagement Rules // Educational ®

Safe Trades;
Comment:
adjusted fibs, at new high, adjusted targets and stops to a 1:1 r/r

That said...

snapshot
Comment:
Testing previous structure,
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Comment:
1st target
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Trade closed: target reached:
At 2nd target.
Suggestion: Close position but keep a portion of it;
Adjust the stops above the 1st target, the 38% fib with a trailing stop following the price...

snapshot

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Andre_Cardoso
Butterfly Pattern // Engagement Rules // Educational ®
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