WilliamSurya

EURGBP: Butterfly pattern in Flag pattern setup

Long
FX:EURGBP   Euro / British Pound
Reason to entry:
-Valid butterfly pattern inside flag
-Fibonacci confluence (4)
-Final target match with Higher Timeframe Gartley's
-RSI oversold
-1:11 Risk Reward!
-"brexit"

Entry:
-wait for higher high higher close candle
-aggressive entry at butterfly 127.2 completion
-aggressive entry at butterfly 161.8 completion
-breakout of flag pattern

Exit:
-butterfly's target #1 and #2
-Flag pole projection

Void if:
-failed butterfly
-failed flag
-if 127.2 butterfly failed, re-entry at 161.8

Remember that market always right!
Manage your trade well!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.