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Gmanns777

TNB: Butterfly with 5:1 risk to reward setting up :)

Long
Gmanns777  
BITFINEX:TNBUSD   None
Harmonic Patterns Chart Patterns cryptotrading
4
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harmonicpatterns chartpattern cryptotrading
in this TNBUSD video I discuss what looks to be a really nice Butterfly which is setting up. A & B have formed up nicely and it appears now that we are getting close to C forming up too. Once that happens its possible to enter a long to trade the CD leg. In this particular case if my stop is in the most conservative place (below A) I still have a risk to reward of 5:1 which is very healthy.

This one looks gooooooood :D
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