GBPUSD Long - 4hr Butterfly Reversal - Entering now, before NFP
Hello all - DuncanForex here with another trade idea
Following my previous trade which did not work out, on a 61.8% retrace approach with a Head and SHoulder pattern on the 4hour chart the price action has now created a butterfly pattern instead.
With the opportunity for a great win vs risk ratio
I have now entered long and looking to ride this through the NFP on Friday.
With USD weakening and other pairs across the board with varying degrees of strength
I expect GBP USD to trade well
With the EURUSD trade holding at the 61.8% retrace level also
I am expecting both these pairs to head higher as the weak unfolds
Thanks for looking
Duncan
Following my previous trade which did not work out, on a 61.8% retrace approach with a Head and SHoulder pattern on the 4hour chart the price action has now created a butterfly pattern instead.
With the opportunity for a great win vs risk ratio
I have now entered long and looking to ride this through the NFP on Friday.
With USD weakening and other pairs across the board with varying degrees of strength
I expect GBP USD to trade well
With the EURUSD trade holding at the 61.8% retrace level also
I am expecting both these pairs to head higher as the weak unfolds
Thanks for looking
Duncan
トレード稼働中:
Hi All
I have entered more trade entries at 1.2580 area based on the last 4 hour candle now closed.
I have entered more trade entries at 1.2580 area based on the last 4 hour candle now closed.
手動でトレードを終了しました:
Hi all - entries closed at entry point before NFP and break even occurred due to price dropping
