USDCAD: Butterfly on Descending Triangle Pattern
Reason to entry:
-Butterfly Pattern
-fib confluence at 1618 completion
-1272 completion at descending triangle resistant
-RSI near overbought
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
Remember that market always right!
Manage your trade well!
-Butterfly Pattern
-fib confluence at 1618 completion
-1272 completion at descending triangle resistant
-RSI near overbought
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
Remember that market always right!
Manage your trade well!