My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Thursday, April 15, 2010

AUDUSD : Bearish Butterfly


Seems like this pair failed to reach 0.94 and made a HI at 0.9385. However, I assumed that D is completed there because it has already exceeded 2.618 BC projection at 0.935. I've been busy lately, didn't have much time to analyze all charts.

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