VijaySanghishetty
Long

Bullish Butterfly pattern. Short term pull back expected.

FX:GBPUSD   Pound Sterling/U.S. Dollar
64 2 4
After the break of the trend line a short term pull back can be expected from ending point of the butterfly pattern .

However please trade it with proper money management as this could be a shallow pull back.

Once the pair plays as per the trade plan. Appreciate if you can punch a like.
Interesting Butterfly Pattern, Vijay. Thank you for pointing it out. I had not come across them before. Are they part of Wave theory?
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they are Fibonacci patterns., you can find the details in the guide in this URL..,
http://www.forexfactory.com/attachment.php?attachmentid=1499661&d=1409329505
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