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Doji2Pips
Aug 2, 2018 1:07 PM

Butterfly Pattern Forming Long

Australian Dollar/U.S. DollarFXCM

Description

Bullish Butterfly is nearing D completion. See chart for entry, stops, and targets.

Order cancelled

This trade is inactive. It never reached the 1.27 extension to get filled. If however, we would have taken the .786 retracement for the D completion it would have been filled with targets hit.

Order cancelled

Sorry I wasn't very clear in the previous comment. This was a butterfly pattern so the entry would have been the 1.27 extention. What I meant with the .786 entry option was that there was also a gartley pattern on this pair that was the same other than where X was. With the Gartley X would have been lower than on the butterfly and the entry could have been that .786 or the 1.27 like the butterfly.
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