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tigo2020
Nov 29, 2015 7:29 PM

EURUSD - Possible Bullish Butterfly Pattern Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD Daily Time Frame
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Possible Bullish Butterfly Pattern at a Major Daily Support Area.
Looking for Bullish Candle Stick formations around the green zone.
Looking for Bullish Divergence on H4 & H1 around the green zone.

Targets are 1.078 & 1.114 in case a long trade is open.

Two Long trades - Same Size
1. Long trade (1) - TP @ 1.078 SL below 1.0420
2. Long trade (2) - TP @ 1.114 Same SL initially then move to Breakeven once TP1 is hit.
Comments
leszekstanislaw
Isn't butterfly supposed to have its C point in 78.6% of XA? :-)
simon1093
Genius Level Nimer, lol :-) Hope you are well!
RCP_
Very nice setup sir, thanks
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