EURUSD-Weekly Market Analysis-Mar21,Wk3

14 במרץ 2021

This is a valid Butterfly Pattern setup. You might ask why is that so? It's because the Stop-Loss wasn't triggered. It has also reached the 1st target.

At this moment I'm waiting for the market to retrace back to the black box for a type 2 bearish butterfly shorting opportunity, breaking and closing above 1.1989 will invalid the pattern.