AndrewFx2020
Long

EURGBP - 2 Patterns... Bullish Butterfly and Bullish ABCD

FX:EURGBP   Euro / British Pound
53 2 0
There is an imperfect bullish butterfly pattern forming on the 1 hour EURGBP             time-frame. The problem I see is that the AC leg should be closer to .886 and not .617

However, there is an almost perfect bullish ABCD pattern forming as the AC leg has hit 0.618 perfectly and then the price moved south immediately.

A couple more hours of trading and we'll get confirmation of the CD leg forming.
If price reaches point D will you buy immediately?
Reply
Hey there... yes, If the price reaches .72 I will buy, with a stop not too far.
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