On GBPUSD we have 3 Pattern set up, Bat, Cypher, Cypher.
- Fill of the Bat-Patter (red) aiming for 38.2 Fib Target
- From there on a possible down move to fill the blue Gartley-Patter, aiming for TP1 and TP2 (blue lines)
-After targeting the blue Gartley, another down move to the purple Gartley (H4) ...
I just saw in my pre-week analysis a potential Butterfly-Pattern in the Daily Chart.
Entry, is in the Zone between the 1.141 Fib expansion from X-A and the 1.618 Fib expansion from A-B.
Agressiv Stop would be above the A-B 1.618 Expansion. The normal Stop would be around the 1.618 Expansion from
Stop Loss ...