EURGBP - Butterfly Pattern in Development
EURGBP appears to be developing a possible Butterfly Pattern. If that is the case (only time will show), then PRZ projected to be as follows:
PRZ = 0.86141 - 0.86496
1.272XA = 0.86339
2.24BC = 0.86354
2.00BC = 0.86496
1.00ABC = 0.86141
I would look to go long at PRZ, subject to new information (trend, momentum, sentiment) at the time of pattern completion.
But by any measure this is going up onto my watchlist.
Happy Trading
PRZ = 0.86141 - 0.86496
1.272XA = 0.86339
2.24BC = 0.86354
2.00BC = 0.86496
1.00ABC = 0.86141
I would look to go long at PRZ, subject to new information (trend, momentum, sentiment) at the time of pattern completion.
But by any measure this is going up onto my watchlist.
Happy Trading
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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.