Hey Mates, First off, I apologize for the busy chart above! In my excitement for the very important support that (looks like) will hold after the break out of the sideways channel and the AB=CD pattern sellers have taken profits - there seems to be a fresh supply of buyers. Very important is the price that the AB=CD sellers took profits because it is...
Hi Mates, Here we have two possibilities in EURJPY... The bullish butterfly will complete at the bottom of the pink structure if price action does not reverse course at the blue box, indicating possible completion of the bearish butterfly (the grey structure). I will update as I see the price action develop. No trades will be taken until a structure completes....