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MinervaFX
Aug 28, 2014 9:44 AM

AUDUSD 240min chart Short

Australian Dollar/U.S. DollarFXCM

Description

Butterfly pattern almost completed but there are many news from the US so I see two possible trades coming. 1st is at completing CD leg at 127.2 of fib retracement and 2nd is at completing CD leg at 161.8 of fib retracement. The RSI almost hit 80 oversold level.
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