EURUSD: Butterfly inside Wedge Pattern Setup

2017년 4월 4일

Reason to entry:
-Butterfly Pattern
-1618 Butterfly's completion near wedge support trendline
-strong structures at 1618 butterfly completion
-RSI oversold and divergence
-Harmonic move
-Confluence (2) at 1618 completion
-inverted flag pattern as the sign of momentum change.

Entry:
-1272 Butterfly completion
-1618 Butterfly completion or..
-at wedge support

Exit:
-382 butterfly retracement
-618 butterfly retracement
-wedge resistant

Void if:
-failed pattern and price already breakout the wedge's support.
-if price breakout the wedge's support, immediately reverse as continuation

Remember that market always right!
Manage your trade well!