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fatbeetrader
Sep 2, 2013 1:20 AM

$EURUSD - #FOREX - Bullish Butterfly H4 Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD has developed a bullish butterfly on the H$ and a bullish ABCD on the H1 Chart.
RSI and momentum are not in favor of the trade at the moment but this is one to keep an eye on
Comments
Gramatikov89
this is not a pattern :D
kgmoney
the 'butterfly' is pretty loose, but the abcd seems pretty good...1.618 right on the lowest red dashed line right beyond the 1.27. I think I might give it a shot around 1.3160
Gramatikov89
just don't try to trade butterflies. And again this was not a valid pattern. You must have the exact fib levels..
fatbeetrader
possible entry point approaching
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