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Traine
Sep 22, 2017 1:33 AM

Fall for the Butterfly or rise for the Cypher! 

Euro Fx/Australian DollarFXCM

Description

Don't you love it when a pair seems to go haywire. But no matter what, price action is king and just follow the price. I have a larger Cypher on this pair. But trading what I see I see this possibility in play. So I hope to see some rejection at the 88.6. Although i see price wicking up to the supply zone/Order block and then taking a toll down. It still falls in line with a head and shoulders, and a HL. So Next week can be interesting. Either she will fall for the butterfly or rise for the cypher. (this chart shows the butterfly, i will post the cypher next)


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