AUDCAD Short Butterfly @ 0.97219
Shorting opportunity is close to completion on a 1hr time frame in the form of a Butterfly Pattern.
This short could be considered to be with the trend in higher time frames.
RSI is showing small traces of divergence, and the sell zone gives an excellent risk reward ratio with stops generously placed up at 0.97452. Please consider your own risk tolerance if taking this trade as Butterfly patterns need to be traded with caution.
TP #1 38.2% @ 0.96892
TP #2 61.8% @ 0.96689
This short could be considered to be with the trend in higher time frames.
RSI is showing small traces of divergence, and the sell zone gives an excellent risk reward ratio with stops generously placed up at 0.97452. Please consider your own risk tolerance if taking this trade as Butterfly patterns need to be traded with caution.
TP #1 38.2% @ 0.96892
TP #2 61.8% @ 0.96689
Nota
I am adjusting my stop to a 1:1 R/R for TP #1
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.