$EUR.USD Butterfly pattern completion at support. Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 2, 2014 12:53 PM

Butterfly pattern corresponds with previous low and with 1.272 extension of AB=CD. Three reasons for at least a bounce back from here.

Comments

AnthonyLi

⋅ Sep 2, 2014 2:46 PM

Do you have Macro evidence to support a bounce back?

m4nti

⋅ Sep 2, 2014 5:04 PM

There's also an S1 fib pivot level and a LL vs HL bullish divergence on stoch.

Looks pretty good to me.