USDCAD Bearish Butterfly 4 hour chart
Good afternoon everyone, here we have a Bearish butterfly pattern having formed from USD/CAD on a 4 hour chart.
The valid ratios for a Butterfly pattern are:
X-B: 0.786
A-C: 0.382-0.886
B-D:1.61-2.61
X-D 1.272
This is an excellent trading opportunity with a risk reward of 1:3
I hope yous all have a good week ahead folks and feel free to ask questions or keep in touch.
The valid ratios for a Butterfly pattern are:
X-B: 0.786
A-C: 0.382-0.886
B-D:1.61-2.61
X-D 1.272
This is an excellent trading opportunity with a risk reward of 1:3
I hope yous all have a good week ahead folks and feel free to ask questions or keep in touch.
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.