The bearish butterfly pattern setup signals a potential retracement on EURUSD. The candle did go past the HOP level, but right now the Arrow indicator has shown up with an RSI Divergence(red line).
Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
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