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After the Xmas/NY break, the butterflies are re-emerging....here's a short termer on CHF, having moved to the requisite 1.618% extension level
Xerof
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Evening all,
A possibility tonight perhaps? The common Gartley variety....
AB = CD at 116.63, high today 116.60.....
Xerof
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Ah well, butterfly it is then....
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Hi Xerof
I've been long USD/JPY scince 116.32
You have any targets for the butterfly?
I have it circa 118.05
tia
Slam
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FWIW, Slam,
Max is looking for an imminent reversal.....so maybe the Bat is more applicable.....
Xerof
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Thanks for the info Xerof
Running a tight stop at 6.90 and happy with pips there.
Will follow it up if it goes that way.
Not looking to good today though
Cheers
Slam
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Always a possibility.............
arco
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