Bearish Butterfly pattern on 1-hr., EUR/USD Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Mar 20, 2015 2:40 PM

A Bearish Butterfly pattern has formed on 1-hr., EUR/USD chart. Stop is placed above the 1.618 extension of XA. It would be a valid butterfly up to this level (in my opinion). : )

USD (US Dollar)Butterfly Bearish Patterns Candlestick Analysis

Comments

Alexander_Nikitin

⋅ Mar 20, 2015 3:07 PM

What makes you think it's a butterfly pattern?