BTCUSD - 1H - Potential Bearish Butterfly

I like the Fib ratios up to the D point. For it to land on 61.8 of XA and that area of resistance it wouldn't exactly be 100% of AB extension, but slightly short. Might see a wick up to full 100% of that extension.

Kommentera:

I am placing a short entry @ 39690.

I am looking to place my stop above X @ 41100 ( -1410)

My TP is 100% Extension of the XA leg @ 36505 ( +3185)

I am risking 2% total equity of my account on this trade.

Trade stängt: Stopp nått:

Entry hit and then price shot up to our stop.