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McODAL
Jun 29, 2014 1:17 PM

Butterfly In Butterfly... Short

British Pound/U.S. DollarFXCM

Description

Short positions can be taken from this point up to completion of butterfly patterns with a small SL. You can check structural support and resistance levels for a profit take or for small long positions at pattern completion points (1.27, 1.41 and 1.618 points), but my idea (not an advice) is Pound will be short up to big butterfly's completion.
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