Max_N
Long

EURGBP BUTTERFLY COMPLETE

FX:EURGBP   Euro Fx/British Pound
39 7 14
Mikoxl. PRO
a year ago
That is not a valid butterfly pattern
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Mikoxl. PRO Mikoxl.
a year ago
Point D should be below point X
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Mikoxl. PRO Mikoxl.
a year ago
Your completion point D should be near 0.7203
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Max_N Mikoxl.
a year ago
Thank you.I search the butterfly pattern. Maybe I misunderstand it.
Do you define the D using 1.27 of XA and 1.618 of AB?
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Mikoxl. PRO Max_N
a year ago
Yes both, but the 1.27XA should be the most critical level to look for. The other two measurements should complement a potential reversal zone (PRZ).
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Max_N Mikoxl.
a year ago
Thanks a lot!
Reply
KVE PRO
a year ago
Well, it worked out anyway!! Good job!
Reply
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