Swissy Butterfly

this is a nice one … IF it fails THEN the USD is going to take off.

highly probably pattern so expect some weakness in the USD vs CHF in/around these levels.

Page_15-11-10_08-36-57

here’s why it’s called the “butterfly pattern”

2000px-Butterfly_lemma.svg

 

when looking for butterfly patterns just think of it as connecting two triangles.  the key to the butterfly is the AB=CD leg that makes the high or low.  If you have that along w/ the extension targets mentioned then you have a butterfly sell (or buy) set up occurring.

here’s the intraday picture that will give us an idea if this pattern holds or not.

Page_15-11-10_08-43-04

happy hunting.

Bart

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