GBPUSD:Bullish Butterfly Pattern and AB=CD Pattern

FX:GBPUSD   British Pound / U.S. Dollar
The bullish Butterfly pattern is completing at about 1.21 levels and the bullish AB=CD pattern will finish at 1.208 level.
Meanwhile the previous low points is also at this zone.
So it may be good a opportunity to buy at 1.208-1.210 levels when bullish candles appear.
SL:below 1.208
TP2:1.223 and further more
Trade active
Comment: TP1 reached.
Comment: TP2 reached.
Nice trade
yihett321 yihett321
One more question, how to calculate the SL point? Is SL just below 1.208 ? Thanks.
AdamHong yihett321
It is just below the X point plus the ATR or at least twenty points.
yihett321 AdamHong
X plus the ATR corresponding to point X? Thanks
AdamHong yihett321
Does C point need to hit 0.618 AB?
AdamHong yihett321
no,0.382-1.0 AB are all ok on butterfly pattern.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out