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Silas_Finch
Jan 25, 2014 8:00 PM

Potential Bearish Butterfly Pattern Short

British Pound/Swiss FrancFXCM

Description

There are many ways to play out a butterfly pattern, but I stuck strictly with the rules of the pattern for the best probability. Scott Carney says that the most critical number is the 1.27 of the XA leg extension. So that's where I placed my entry and I put my stops above previous structure.
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