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enricomb

EUR/GBP - Bearish Butterfly

Short
Euro / British Pound (OANDA:EURGBP)  
enricomb Updated   
OANDA:EURGBP   Euro / British Pound
6
0
Hi everyone!
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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