$EURUSD: POTENTIAL BEARISH BUTTERFLY

by ashaab on 7:37 AM in EURUSD, Forex trade setups, Technical Analysis

I'm looking for an entry at the completion of a potential bearish butterfly.

My stoploss would be just a few ticks above the 1.618 extension. And I'm aiming for B as my first target (38.2% retracement) and a retest of the broken downward channel (61.8% retracement)

About ashaab
Been trading the forex market since 2003. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i have choose ichimoku and Harmonic patterns as my main strategies beside using support and resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful..