Euro/usd butterfly

FX:EURUSD   Euro / U.S. Dollar
133 11 1
A casual bat which might be triggered by today's news around Draghi and the FED
Just asking, no critics .. but isn't that BC retracement a little deep for a butterfly ? What criteria do you use for this ?
FeelsFX Nico.Muselle
786 retracement as it was mentioned by Carney in the book
+1 Reply
FeelsFX FeelsFX
strict 1.272 and .786 retracements for the butterfly
You're absolutely right .. have to refresh my butterfly knowledge, haven't been trading it lately :)
FeelsFX Nico.Muselle
i triple check the levels before i confirm it :D
+1 Reply
Excellent, better check too much than too little ! Keep up the good job ! :)
FeelsFX MinervaFX
nice i didnt see it quite well
MinervaFX FeelsFX
but it is not 100% cypher as the B-C leg should be at least 113.1% and it is just between 113 and 100. That's why I'm cautious and I might short it later with a small position.
I'm looking at cypher which could be triggered at around 1.14 level which is your trendline. But it might be very busy today so I agree with your bat pattern as well.
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