POTENTIAL DOUBLE JACKPOT |H4| Short & Long

Nov 26, 2017

We have a clean down trend channel on the Daily chart and this lovely butterfly is flying within that channel, presenting a potential shorting opportunity. As is with my trading strategy, I never neglect a "C" point opportunity if I believe in the "D". Nonetheless, this is clearly a down trend setup and so you have to be careful with the C trade. Sometimes I catch the C and miss the D, sometimes I catch both and several times, I miss the D :)
Good Luck

Here is what I see on the Daily:



Always remember this quote "If you can't take a small loss, soon or later you will take the mother of all losses" :)

Nov 30, 2017

Trade active

Sell limit orders filled at 0.97873 & 0.97874

Dec 4, 2017

Trade closed: target reached

T1 reached. Profit = +50pips
TP2 reached. Profit = +102pips