KyleMcQuade

Bullish Butterfly and AB=CD

Long
OANDA:EURGBP   Euro / British Pound
Phasing out bat-week and taking on this butterfly:- we have an AB=CD pattern with a near-perfect butterfly forming within the BCD waves of the AB=CD. The D points both conclude bang on a weekly pivot line. Patterns on the daily chart are always reliable and i'll be looking for an entry on the 4hr after a signal candle.

Happy Harmonising!

AB=CD ratios
C: 0.618-0.786
D: 1.272-1.618

Butterfly ratios
B: 0.786
C: 0.382-0.886
D: 1.618-2.72
xD: 1.272
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