0.618
Long

EURO - Bullish Butterfly completion - MONTHLY

FX:EURUSD   Euro Fx/U.S. Dollar
So thought I'd share this - Here's something Ive noticed on the Monthly Chart - A perfect Bullish Butterfly completion retracing to exactly a .707 from the 2000 lows to the 2008 highs.

If I'm right in thinking - Buttefly often tend to have quite sharp reversals....

Definitely got RSI looking right, and also out of interest had noted that the DXY             had retraced a 61.8 move on the monthly / with a 1.618 expansion from the lower range...

Any thoughts people have on this, please share. I'm still finding my feet.
Peace
johan.verm
2 years ago
You could be right.......
Reply
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