EURUSD - Bullish Butterfly Pattern Completed on Monthly Chart
Updated
Despite having a pinbar last month, this month has been bullish.
The 78.6% level has been retested but pattern did not complete, pattern completed in January 2017.
We might actually be looking at a very huge movement ahead.
R:R at 1.9 (TP1) and 3.4 (TP2).
I'll aim for 61.8 fib level first. Let's roll.
The 78.6% level has been retested but pattern did not complete, pattern completed in January 2017.
We might actually be looking at a very huge movement ahead.
R:R at 1.9 (TP1) and 3.4 (TP2).
I'll aim for 61.8 fib level first. Let's roll.
Comment
Do note that French elections are still ongoing, trade with caution.Comment
If traders had long at the start of May, trade is probably running at 300 pips now.Let's see how long this rally might actually go =)
Comment
800 pips running so far.Disclaimer
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