Showing posts with label Bullish Butterfly. Show all posts
Showing posts with label Bullish Butterfly. Show all posts

Wednesday, January 14, 2015

Bullish Butterfly - 4-hr. - EUR/USD

A Bullish Butterfly pattern has developed on the 4-hr. and 1-hr. charts of the EUR/USD.  This is against the long-term downtrend but looks good.  AB=CD@1.1773.  Pattern Data:

X = 1.1761
A = 1.1870
B = 1.1785
C = 1.1858
D = 1.1752



Wednesday, February 26, 2014

Bullish Butterfly: AUD/USD - 4-hr.

A Bullish Butterfly pattern has formed on the 4-hr., AUD/USD chart.  Conservative profit target @ 0.8980.  Stop well below recent support @ 0.8840. 1.272AB=CD @ 0.8922.  Current D point is spike low @ 0.8915.

Bullish Butterfly: AUD/USD, 4-hr. Chart