Today I found a potential butterfly pattern on Aussie vs Canadian dollar.
0.875 is the price level I'm waiting for.
In this place, we can also see FE 161.8 of Fibonacci extension and also 161.8 of external Fibonacci retracement.
In my opinion that is enough confluence there to consider to open a long position.
I would have 2 possible targets in this trade.
First is on point X of the whole formation, that would be also 0.5 of Fibonacci retracement of potential CD wave.
Second is on point B of this potential formation, and that is also the Fibonacci retracement level 0.618.
Entry: 0.875
TP1: 0.884
TP2: 0.887
SL: 0.872
R/R1 = 1/3
R/R2 = 1/4
0.875 is the price level I'm waiting for.
In this place, we can also see FE 161.8 of Fibonacci extension and also 161.8 of external Fibonacci retracement.
In my opinion that is enough confluence there to consider to open a long position.
I would have 2 possible targets in this trade.
First is on point X of the whole formation, that would be also 0.5 of Fibonacci retracement of potential CD wave.
Second is on point B of this potential formation, and that is also the Fibonacci retracement level 0.618.
Entry: 0.875
TP1: 0.884
TP2: 0.887
SL: 0.872
R/R1 = 1/3
R/R2 = 1/4
交易進行
交易結束：達到停損點
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。