EG H4 Bullish Butterfly

FX:EURGBP   Euro / British Pound
141 3 1
H4 Bullish BUtterfly
Minor Structure
Fibs Confl.

Short term direction is .. a completion of Butterfly Pattern .
The downtrend must continue.
Hi mark , what does "on a clone means? "

Generally .. once it completed the pattern,

IF market reaches the 0.85291 zone...
ill just draw fibonacci retracement from 0. 87305 to 0. 85257 and set my TP around the 38.2 fibo level ... and SL will be the 1618 fib extention level..

just a guide for my self.. but i may look out for smaller H1 pattern to get a better risk reward.
I'm seeing 0.8476ish as the low... based on a clone from 0.87296 to 0.85777. So the clone down move starts from 0.86216... that gives me the target - check out the chart I published... what's you target on GBPUSD? I don't understand Gartley's, Butterflys, Crabs, etc so appreciate your perspective...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out