WILL THE BULLISH BUTTERFLY FAIL ?

Euro Fx/U.S. DollarFXCM

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⋅ May 13, 2016 12:58 PM

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