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

CHFJPY : Bearish Butterfly [emerging]

 
This is a quite promising pattern combination that can prove my early prediction as it might overlap between bearish butterfly (blacked) and possible bearish bat. However we must first wait for the confirmation of point C. It might leave the point C at 0.500 AB or forming double bottom while maintaining in the bullish trend.

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