My Ironclad Rule

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

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Monday, April 12, 2010

CADJPY : Bearish Butterfly [emerging]

 
This is another emerging butterfly pattern. I prefer to wait for my trading system to signal bullish market before buying this pair. Personally, I'm anticipating further downside move to 0.886 AB at 92.2.

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