A Bearish Butterfly rested in the key resistance zone is usually a perfect setup for me, however, there is some imperfection in this setup.
A break and close above the previous Bearish Trendline. This is true, but at least it didn't break and close above previous structure, the finger cross.
The next thing I'm not comfortable in that the 4-hourly chart has an emerging Bearish Shark Pattern resting at point B, a break and close above point B would put this Butterfly Pattern at a disadvantage.
Being in the now is important, it is a valid setup, I'd engage it but I will watch closely and review it 3bars from now, which is 2-3hours time. #OPINIONLEADER#
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