EURCAD is the typical butterfly pattern that I'll be interested in.
Most of the time, a butterfly pattern may mean a new low has taken place, which may be contradict with the current trend.
While, if it can hit the previous 0.618 or structure at the entry of the butterfly,
that makes it a much better trade!
Here we got this 1.4925 spot to wait for reversal sign to long, before it gets there I'll be bearish.
If it gets there and gives an hourly reversal sign, I'll be taking that long!
Let's see how it goes yo!
Most of the time, a butterfly pattern may mean a new low has taken place, which may be contradict with the current trend.
While, if it can hit the previous 0.618 or structure at the entry of the butterfly,
that makes it a much better trade!
Here we got this 1.4925 spot to wait for reversal sign to long, before it gets there I'll be bearish.
If it gets there and gives an hourly reversal sign, I'll be taking that long!
Let's see how it goes yo!
