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Nico.Muselle
Oct 6, 2014 4:46 PM

EURJPY 60 - Potential Butterfly  Long

Euro Fx/Japanese YenFXCM

Description

Considering the general downtrend of the EURJPY, I think this Butterfly pattern has good potential for completion, even if it's trading sideways for the last 12 hours ...

The AX - 1.272 extension and the AB 2.0 extension align perfectly at previous structure giving us an opportunity to go long around 136.60.
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