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

CHFJPY : Bearish Bat


As spotted early this week, this is the completed harmonic pattern combination, a bat and a butterfly. The point D completed at 0.886 XA at 88.90 or few pips tolerance at 89.00 which is the 2.618 BC projection.  I'm anticipating a powerful reversal from this pair.

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