StevenRedeker
Short

Bearish Butterfly Pattern

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
38 1 0
Just an idea, if the market completes the pattern
FYI - If you're interested ----
It looks like you have placed pt D at the 1.272 fib ext. of A to B
when it should be the inverse fib extension of A to X which
would place pt D around .7966 ???
This is a great website for free stuff about harmonic patterns:
http://www.harmonictrader.com/price_patternsbfly.htm
After you've looked over the Butterfly page you may want
to go to the home page and download the free pdf of
Scott Carney's book.
I'm always referring to this site to refresh my aging eyes ~~~~
Wishing you lots of pips in your pocket !!!!!!!!
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