Wednesday, January 5, 2011

eurgbp b-fly?

bullish b-fly with confluence of ab=cd @ 1.27XA
there is a possible BAT structure as well, with 1.27ABCD just under the B-fly confluence, however the BC extension (by default the XA extension as well) falls short of ideal minimum 1.618
the break of the supporting trend line causes some concern though looks like good R:R trade if can stay above X

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