Trade Ideas Position: GBPUSD Butterfly

A support level on the daily chart happens to be the Harmonic Optimal Price(HOP) of the bullish butterfly pattern on the 1-hourly chart, and it is set up for a countertrend trade.

It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion.

Just remember not to overtrade this, you should be fine.

Trade geschlossen: Stop wurde erreicht:

Hit stop loss -32