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FxWirePro: GBP/USD forms bullish Butterfly pattern, good to buy at dips

Friday, December 18, 2015 7:03 AM UTC

Harmonic Pattern Formed- Bullish Butterfly Pattern
Potential Reversal Zone (PRZ) -1.4865
Bullish Butterfly pattern gets invalid only below 1.4865. A break below 1.4865 will drag the apir down till 1.4850/1.4800.
The major resistance is around 1.5100 and break above targets 1.5060/1.5090.

Long entry at dips around 1.4925-30 SL -1.4865 TP 1.5090

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FxWirePro: GBP/USD forms bullish Butterfly pattern, good to buy at dips

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