VijaySanghishetty
Long

Bullish Butterfly pattern. Short term pull back expected.

FX:GBPUSD   British Pound/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?
Reply
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
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out