Bullish Butterfly USDCAD 4H
Hi traders,
Bullish Butterfly on the 4H has been completed. Wait for a double bottom (W) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double bottom at the low of the day or a sign of weakness at the ADR low.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care,
Ray
Bullish Butterfly on the 4H has been completed. Wait for a double bottom (W) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double bottom at the low of the day or a sign of weakness at the ADR low.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care,
Ray
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