EUR/GBP - Bearish Butterfly
Updated
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!
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.