GBP/JPY Bullish Butterfly
Greetings fellow traders, today we are analyzing the GBP/JPY Daily chart, looking at a potential Bullish Butterfly Pattern.
The pattern is in the process of the C to D leg, with a risk to reward of at least 1:4, possibly more if it hits the Fibonacci retracements and begins an upward trend.
The measurements for a butterfly pattern are detailed below:
B: 0.786
C: 0.382 - 0.886
D: 1.618 - 2.240
Final X to D: 1.272
Please share your thoughts!
The pattern is in the process of the C to D leg, with a risk to reward of at least 1:4, possibly more if it hits the Fibonacci retracements and begins an upward trend.
The measurements for a butterfly pattern are detailed below:
B: 0.786
C: 0.382 - 0.886
D: 1.618 - 2.240
Final X to D: 1.272
Please share your thoughts!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.