Sorry I didn;t get to post this yesterday but here in China, it was Victory Day and the internet was just being blocked like crazy and I could not get through to Tradingview to post ANYTHING!
But anyway, I sold at 120.660. So I have added more SHORT positions to my portfolio of SHORTS on this pair. I did so as my wave counts were indicating to me that a possible wave iii of v was starting so I'm trying to catch it. As of this post, there is still plenty of pips to be had on this wave iii if my wave projections and patterns do play out as projected.
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i think there is a butterfly on 15 min time frame!
EverythingForex
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Yes, there is. But this is the proper butterfly. Your butterfly D point is off. Butterfly patterns have a 1.272 D point. But prices exceeded that and are now in its' PRZ currently reversing at the 2.24 extension. But I don't trade on the 15M TF as I don't trade short TF's. Yes, prices may retrace up on this butterfly but it is only temporary in the view of larger TFs.
FullTimeTrader
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Im also strongly short here too, if we have bad NFP news on friday this will fall like a stone. 115.00 is reachable.
EverythingForex
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Agreed! I'm staying short through the NFP. If numbers come out good, the rise will not be too great and on a macro-view, it won't relate to much. Prices will still head down eventually. But if numbers are bad....WATCH OUT BELOW! GL!