If you run your chart history, the nuance of this large scale butterfly is one that has shown up before. Not only that, the conditions it has shown up under are a pretty significant strong reversal. Strong leading pairs against the dollar forecast over the ensuing weeks include the Euro and Canadian Dollar. We are likely to see a move to the opposite end of the trading range of these pairs, and if the strength of the patterns present holds then a break through them. Split targets for each scenario, move stops to break even if target 1 hits.
-Trade with money you can afford to lose
-Always use a stop loss
-It's okay to be wrong (about anything)
-Trade with money you can afford to lose
-Always use a stop loss
-It's okay to be wrong (about anything)