There is a massive potential butterfly pattern
that is setting up on GBPUSD
. Now I don't normally trade butterfly
patterns since the completion point is beyond X. But since there is some structure to the left, I will use this in my technical scoring system and look for an alternate entry.
I put out a video breaking this setup down along with another on EURJPY
. If you would like to see the video here is the link:https://youtu.be/5QCkro1M8rM
Good Luck and Good Trading