MohamedMagdy

WILL THE BULLISH BUTTERFLY FAIL ?

FX:EURUSD   Euro Fx/U.S. Dollar
40 0 3
THE ABCD OF THE BUTTERFLY IS NOW AB=1.618CD .
IF PRICE DID NOT REVERSE UP FROM THAT LEVEL THE BUTTERFLY WILL BE FAILED AND THE LONG POSITION SHOULD BE REVERED AS THE PRICE IS GOING TO BREAK BELOW A MAJOR DAILY TREND LINE
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