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Samoburger
19. Jan. 2021 07:11

Bullish Butterfly Pattern Long

New Zealand Dollar/Canadian DollarFXCM

Beschreibung

NZDCAD BULLISH BUTTERFLY PATTERN

Market Buy Order Set Up.
Buy Entry: (0.90744)

Min Take-Profit: (0.91351)
Max Take-Profit: (0.91821)

Stop-Loss: (0.90254)
Max Risk-Reward: (2.20)

Smash a Like button and leave a Comment, I appreciate every support. Goodluck.

Trade geschlossen: Ziel wurde erreicht

Kommentare
tranvu131997
yess. thank for posting hope you keep updating new set up buddy.
Samoburger
@tranvu131997 Sure, Thanks for your feedback
MMFXSignals
great analysis ... i agree with u
Samoburger
@MMFXSignals Thank you, Nice chart
otavio_barreto
Not a valid butterfly for me.
Samoburger
@otavio_barreto Alright. thanks for your feedback but this is a Max Butterfly that has an extension XA leg of 1.618, Normal Butterfly XA extension leg is 1.27
otavio_barreto
@Samoburger, not because of the extension but I consider a valid butterfly only when b point is exact 78.6% in your example it's more like a crab pattern but it's also not a crab pattern because the ratios do not fit, only thing that could revert in this case would be the ab=cd variation but if it's a wave 3 it would go even lower.
Samoburger
@otavio_barreto Okay. Enlighten me more please, How do you consider your B leg, The body of the candle must touch the 78.6% or you consider the wick to touch 78.6%
otavio_barreto
@Samoburger, the high and the low, max/min of the candle, so if it has a Wick, it will be considered the wick, if it has only the body of the candle it will be considered the body.
Samoburger
@otavio_barreto Alright, Thank you so much
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