hey, mates. butterfly
completed as Terminal Price Bar hit all the levels of Potential Reversal Zone (1.4955-1.4951). Whatch this area closely before entering. It will be a good sign if dodji or hammer
( inverted hammer
, shooting star
, hanging man
) appears. Wait for at least two red bars to have a sequence of lower lows and lower highs for confirmation. Also watch the RSI
coming out from OB
conditions on lower timeframes. Once the confirmations appear place your orders at market (or pending orders incase if you want better execution price). Stop loss should go above the extreme between the T-Bar and your entry (D-point). Tragets are the 38.2 and 61.8 % of AD. Have a good day. COntact me inPM if you have questions.