theb0x

EG H4 Bullish Butterfly

FX:EURGBP   Euro Fx/British Pound
140 3 1
H4 Bullish BUtterfly
Minor Structure
Fibs Confl.


Short term direction is .. a completion of Butterfly Pattern .
Monk
3 years ago
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...
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theb0x
3 years ago
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.
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