Potential Butterfly Pattern on the AUDUSD 60M Chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
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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
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