Shortterm butterfly long 4H @ 1.9363 zone
Was the pop down enough to shake out the bulls?
Refining the possibilities of different scenario's I've come up with a resistance zone:
- the 0.236 retracement of the midterm bullish trend at 1.9363,
- the 0.382 retracement of the prior bullish AB=CD at 1.9383,
- the 2.0 extension of AB of the bullish butterfly pattern,
- the 2.24 extension of AB of the bullish butterlfy pattern,
- the line up of the base line of the mid of the channel,
- ignored the gartley because of too much risk with lowering the SL below the XA 1.113 extension
Refining the possibilities of different scenario's I've come up with a resistance zone:
- the 0.236 retracement of the midterm bullish trend at 1.9363,
- the 0.382 retracement of the prior bullish AB=CD at 1.9383,
- the 2.0 extension of AB of the bullish butterfly pattern,
- the 2.24 extension of AB of the bullish butterlfy pattern,
- the line up of the base line of the mid of the channel,
- ignored the gartley because of too much risk with lowering the SL below the XA 1.113 extension
