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EURCAD Bearish Butterfly Pattern on H1 Chart Interval
EURCAD Bearish Butterfly Pattern on H1 Chart Interval
Link to idea: Free Setup
| Instrument | EURCAD |
| Time Frame | H1 |
| Current Price | 1.46480 |
| Link to Live Chart | https://www.tradingview.com/chart/avzMYj8F/ |
| Fundamentals | Weak Euro |
| Data to watch | Nothing Particular |
| Technicals | Murrey Math 8/8 H4 at 1.48840 confirms the short entry |
| Fresh short entry at the potential trendline breakout. | |
| Main Trend | Bearish |
| Direction in The Chart | Up |
| Pattern/ Signal | Bearish Butterfly |
| Trade Signal | Sell |
| Accuracy | 63% |
| Backtest Performance / Levels | |
| Total Patterns Found | 41 |
| Avarage Win | 62% |
| R/R | 1:3 |
| Estimated Completion Time | 8-16 H1 Bar |
| Entry 1 | 1.45500 |
| Entry 2 | |
| Invalidation Level ( Stop Loss) | 1.46500 |
| Target 1 | 1.46240 / OK |
| Target 2 | 1.46030 |
| Target 3 | 1.45500 |
| Note: | Fresh Short entry alert will be sent as soon as the price breaks the trendline. |
VERIFIED ACCOUNT AND SETUP RESULTS
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
