Emmanueltrades

Bullish Max Butterfly.

Long
FX:EURUSD   Euro / US-Dollar
19
This week saw the EURUSD sell off once again We hit the 103.63 area this has formed a Bullish max butterfly on weekly time from. I will be buying this market at 1.0450 as i missed the low entry, the pattern has activated. Being mindful of the low if it should reverse, i will hedge the trade and ride it down to it's Lowest then close the sell and re buy. If the first trade runs all is well. For those who may follow this, i would say close stops as normal, only buy the 104. level, no lower. We are looking for a long term swing.. Beware the EurUsd is never settled on one consistent directer for time of late. Good Luck
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