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Zeheart
Jan 23, 2013 1:32 AM

Possible Emerging Butterfly Pattern Long

British Pound/Japanese YenFXCM

Description

Point X, A, B, C has been confirm.. Currently price is heading to Point D to complete the last leg of Butterfly Pattern. By Looking back on the previous dates of this pairs, GBP has been hiking up strongly, if there isnt any new high coming up, high probability that the price will move down further.

The 2 purple colour arrows are possible target profit base on the setup of this pattern..
Comments
alexandra.tatrai.3
Nice!
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