Potential Butterfly Pattern on the AUDUSD 60M Chart
Price Action recovered after a drop into the 0.700 zone. If price reaches entry point the stoploss will rest above the 0.7220 resistance level. The take Profit will be at the 0.618 Fibonacci Retracement of the AD Leg.
Pattern: Butterfly
Symbol: AUDUSD
Date: Friday, 15th of November 2015
Timeframe: 60M
Entry-Point: 0.7190
Stoploss: 0.7225
Take-Profit 1: 0.7123
Take-Profit 2: 0.7082
Pattern: Butterfly
Symbol: AUDUSD
Date: Friday, 15th of November 2015
Timeframe: 60M
Entry-Point: 0.7190
Stoploss: 0.7225
Take-Profit 1: 0.7123
Take-Profit 2: 0.7082
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