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Euro / British Pound
Long
Jan 30, 2021
Bullish Butterfly (M)
3
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Having reached the first take profit level at 2R the Butterfly pattern is confirmed.
Should price drop further the Bulls first attempt at a re-entry will be at the 50% retracement level of the initial move:-
The Monthly Butterfly supported the entry point of the Yearly Gartley pattern:-
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Harmonic Patterns
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Related publications
The Gartley Pattern, Tutorial (Basic)
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The Butterfly Pattern, Tutorial (Basic)
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