Trading_Jazz
Short

(4h) Bearish Butterfly & Structure Breakout

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
OANDA: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...

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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...

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