Bearsish bat and butterfly

FX:EURUSD60

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 17, 2014 9:14 AM

2 pip zone where both the bat and butterfly should complete.

USD (US Dollar)Bearish Patterns Bat Butterfly

Comments

Gameghost

⋅ Apr 17, 2014 11:24 AM

Butterfly AB=XA*0.786 and BC must be around 0.382/0.886 of AB. Maybe AB=CD?

fximperija

⋅ Apr 17, 2014 12:40 PM

Don't be so strict mate, you ain't gonna find a perfect pattern, when it's so close to 78.6, much closer than 61.8 I consider it a butterfly, and yes the AB-CD completed.

Gameghost

⋅ Apr 17, 2014 1:06 PM

You right. CD 1.27 done.