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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.

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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

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