jueves, 12 de junio de 2008

GBPJPY Nested Butterfly

Interesting forecast. Lets se what happens.

IMPORTANT NOTE:

After i made the drawings, my friend Paulo Banha made me realize that master Butterfly's point B act as a "not goes beyond" level for the smaller Butterfly trade. So the target of this last trade should be the 50% retracement of the H4 butterfly`s AD segment which is at 207.95, almost the same level of the master buterfly`s B point wich is at 208.99.

2008-06-12_GBPJPY_NESTED_BUTTERFLY

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