Here on the EUR/ GBP (Euro/ Pound) we have a nice Butterfly pattern. this will be my second time on this pair trying to short it successfully. the trend is strong with this pair but i feel its getting weaker due to it stalling at the fibo levels of these patterns. this is a huge butterfly pattern, so historically the larger the pattern the better the odds of it going in your favor.
#RISKFREEORBUST
EURGBP
#RISKFREEORBUST
EURGBP
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PA tested not only the HOP level but also the Stop Loss. PA did not make it to the 618 butterfly but came a few pips (21) from it. I did not take this trade. i do not trade well on the Euro Pound, but those who do good work!