leo_lvn
Long

Potential Butterfly Pattern on GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
140 3 1
Trading Plan

Enter @ 1.48661
SL @ 1.48603
TP @ 1.49050
Comment: My mistaken on D (@ 1.272 of XA leg fib Extension) point of CD leg to trade valid butterfly pattern
Trade closed: target reached
If you're interested, this link ----
http://harmonictrader.com/blog/2013/08/03/butterfly/
It will show you that Pt D should be a 1.272 of X to A
for a valid Butterfly. This site
was a great help to my trading and may also be helpful
to you. Go to the home page and download the FREE
pdf from Scott Carney all about harmonic patterns.
Wishing you a pocket full of pips in 2016 !!!!!!!!!!!!!!
Reply
dojitrader dojitrader
snapshot
Reply
leo_lvn dojitrader
thank you, @dojitrader. My mistaken on the D point when I look through your site.
Reply
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