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Old 04-15-2006, 05:18 PM
Esbee Esbee is offline
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Join Date: Nov 2005
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Quote:
Originally Posted by ziko123
so this is a possible setup, will take when it breaks the 23.6


Hi,

This is my first post here, but I was following this thread closely as I follow fib symmetry and patterns closely since a few Years. First of all I would like to thank Kamyar for his contribution, his posts are always a great source of inspiration to me!

Ziko, I saw the above post and thought it would be good to make a little comment on your GBPJPY analysis.

Here is a 480 minutes chart with a potential bearish butterfly. As you can see, butterfly's PRZ comes right into the 78.6% restracement of the 211-202 selloff. I therefore think that GBPJPY will rally into the 209.00 area before reversing.

Just my 2 cents




Last edited by Esbee; 04-15-2006 at 05:23 PM.
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