As spotted early last week, this is the completed butterfly where it has reached the 1.27 XA and 1.618 BC projection . However, this pair can still move further up to 1.5430 which is the 1.618 XA projection. In lower timeframe, there is sign of topping (double top) at 1.539. If we look at longer timeframe such as 4-hour, this pair looks like forming a flag continuation pattern.
Monday, April 12, 2010
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