Trade Ideas Position: GBPJPY Butterfly

A Butterfly Pattern, ABCD and Crab pattern form as a bullish setup and this pose a threat to my already 100pips profit short trade on the 4-hourly timeframe on a bearish crab and bearish bat shorting opportunity.

What will you do if you were me? As for me, a little retracement is normal and expected after a 100pips dive.

I had engaged in this buying opportunity to gain small profit if it hit stops, I'm not worried as I'm already 100pips in advance of the move, without risk as it creates a hedge trade scenario.

Best case scenario, I can capture the retracement movement. Worst case scenario I got stop upon this trade but a deeper dive into my shorting trading direction.

Сделка закрыта: достигнута стоп-лосс цена:

Hit SL -64pips