kopparam
Short

eurusd, hourly, possible bullish butterfly

FX:EURUSD   Euro / U.S. Dollar
482 10 10
Selling @ 1.0930-35 for 730.

Good luck !
Comment: trade active @ 35.
Comment: stops @ break even
I'm out of the short... I don't like the price action at these levels. It seems more likely to me to go higher. If it does go higher I'll look for shorts there.
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At higher prices... will look for the next couple bars to short... good luck guys.
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when is a bullish butterfly pattern the B point is at 0,786 retracement of the XA leg.you
you must be very precise with this fibo ratios you dont have to aproximate the ratios.

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this pattern will be a deep bullish crab and the D point will be at 1,618 extension of XA leg
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euro is now at breakout... when currency is at breakout.. it usually react in such way.. so either we will be wrong selling euro or correct.. but good thing is.. even if we are wrong.. then we can cover on breakout.. as once euro will go above 1.1065.. it will retrace and that retracement will lead euro towards 1.13 and high.. if we have breakout of 1.1065...
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check this one.. same chart but a month ago.. euro never taken out 1.1065.. and still in same consolidation..


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kopparam jhakas
market has been surprisingly side ways here.
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kopparam jhakas
ur chart is so simple. thanks for sharing
+1 Reply
nice.. i have sl. above as per weekly time frame... euro is keep on consolidating in between 1.1065 and 1.07 from last 2 months.. especially in between 1.08 and 1.10..
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