EURUSD - Butterfly Pattern Completed on Daily Chart

16 янв. 2018 г.

A bearish butterfly pattern has completed with RSI at overbought level.
Current daily candle and RSI are dropping at the moment.
Good to short using H4 chart or wait till tomorrow.

Note that this is a counter-trend trade, do trade with caution.

R:R at 2.85, not looking at TP2 as it's counter-trend.

Good luck.

16 янв. 2018 г.

Заметка

Entering after the circled candle would be ideal, though a little late now.
Suggest to wait for pullback.

17 янв. 2018 г.

Заявка отменена

No retracement after pullback, decided not to take the trade.