It’s been a quiet trading week so far for me, though I have had a lot of off-trading activities done already; then, I thought it’s about time I got things started already – behold! A fine butterfly!
The overall trend on 1-hour time frame is uptrend so the bias is to go long immediately after a bounce at the red cluster, and set stop loss below the swing low; and target at a new high.
However, I will be wary of resistance between C and D (that is if D forms).
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