Tuesday, September 10, 2013

GBP/JPY Butterfly Pattern - Weekly Chart

GBP/JPY Bearish Gartley has turned into a Bearish Butterfly.  1.272AB = CD,  projects point D to be 156.43.  1.618AB = CD,  projects point D to be 158.83.  We are in between these points right now.  If price exceeds 158.83, I would close the trade.  Otherwise, be patient.  Happy Trading.


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