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DanielParra99
Mar 15, 2018 7:46 PM

USDCHF (Bearish Butterfly Pattern) -15min Chart Short

USD/CHFOANDA

Description

Bearish Butterfly Pattern
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case 1.618)
- TP 0.382 TP2 0.618 (Fibo A-D)

Trade active

Higher High

Trade closed: target reached

Comments
DavidOjinaga
SL?
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