USD/CAD-Butterfly pattern

We have a Butterfly pattern emerging on USD/CAD H1 chart

Recommended sell

Entry: 1.2380

Stoploss: 1.2414

Target 1: 1.2285

Target 2: 1.2223

Recommendation : Execution in PRZ should follow the rules stricly

USDCAD H1 chart
USDCAD H1 chart

[Updated 06/24/2015-1:07:25 AM]

USDCADH1-bute-2

We closed out half of the position with profit 50 pips. Half of the position is still opened. As in the market preview of this week, USD is fundamentally strong over long term so we have to be careful.

[Updated 06/24/2015-16:57:11]

Target 1 hit

Profit: 72pips

Happy Trading

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