EURGBP - 2 Patterns... Bullish Butterfly and Bullish ABCD
There is an imperfect bullish butterfly pattern forming on the 1 hour EURGBP time-frame. The problem I see is that the AC leg should be closer to .886 and not .617
However, there is an almost perfect bullish ABCD pattern forming as the AC leg has hit 0.618 perfectly and then the price moved south immediately.
A couple more hours of trading and we'll get confirmation of the CD leg forming.
However, there is an almost perfect bullish ABCD pattern forming as the AC leg has hit 0.618 perfectly and then the price moved south immediately.
A couple more hours of trading and we'll get confirmation of the CD leg forming.