what a butterfly pattern forming here.
i actually saw this trade some days ago and traded it to go down to touch the butterfly point.
now as my usual thing to do, i do protect my profits though at times it bites me hard making me profit little but it is my strategy as i prefer to profit rather than loosing if even it is small, and at times i get it fuller, i protected it to see if it could go a little deeper to touch the horizontal lower trend line i drew in red color, and it went some good pips down which i went for 500 pips added to the 2000 pips i placed initial stop loss at. good trade.
i wana see this trade reverse for the next week upward and start flying with the butterfly into the sky.
good entry
good risk to reward
good luck
i actually saw this trade some days ago and traded it to go down to touch the butterfly point.
now as my usual thing to do, i do protect my profits though at times it bites me hard making me profit little but it is my strategy as i prefer to profit rather than loosing if even it is small, and at times i get it fuller, i protected it to see if it could go a little deeper to touch the horizontal lower trend line i drew in red color, and it went some good pips down which i went for 500 pips added to the 2000 pips i placed initial stop loss at. good trade.
i wana see this trade reverse for the next week upward and start flying with the butterfly into the sky.
good entry
good risk to reward
good luck
