Hi everyone!
EUR/GBP is forming a bearish butterfly on the H4 chart.
Conditions for a valid butterfly pattern are:
Take profits are set at 0.382 and 0.886 of AD.
At target 1 half position will be closed and stop loss trailed to breakeven.
Good luck!
EUR/GBP is forming a bearish butterfly on the H4 chart.
Conditions for a valid butterfly pattern are:
- XB: 0.786
- AC: 0.382 - 0.886
- BD: 1.618 - 2.618
- XD: 1.27 - 1.618
Take profits are set at 0.382 and 0.886 of AD.
At target 1 half position will be closed and stop loss trailed to breakeven.
Good luck!
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