EURUSD Bullish Butterfly

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EURUSD Bullish ButterflyEUR/USDOANDA:EURUSDMichael_HardingEURUSD is setting up a bullish butterfly pattern, and I’m watching this one closely as price works through the completion phase. Right now this is still an early-stage setup, with price showing a classic pullback into the 78.6 Fibonacci level, which is exactly where I want to see buyers begin stepping back in. The idea here is simple: if the butterfly completes cleanly and price respects this retracement zone, I’ll be looking for a long entry with the expectation that the next bullish leg could be similar in size to the first impulse leg. That gives this setup a clean technical framework based on pattern structure, fib confluence, and measured move potential. As long as price continues to hold this area and confirms the reversal, this becomes a strong bullish continuation setup on the daily. Trade Safe - Trade Well