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24. Okt. 2016 07:40

Bearish Butterfly completing. Short

British Pound/U.S. DollarFXCM

Beschreibung

Bearish Butterflys are not my favorite patterns as d high is breaking structure. However these patterns have the tendency to return sharply of the prz. Often im stopped out here as new high continues to 2.0 bc projection then reverses. Perfect fib numbers in this pattern. looking for min 786 xa for b. 0.382-886 ac and d completes between 1.272 xa and bc projection at d of 1.618
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