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Andre_Cardoso
Sep 13, 2015 7:40 PM

The Butterfly with an empty soul // Completed? Short

U.S. Dollar/Canadian DollarFXCM

Description

FX:USDCAD

As previously published, the price reached "the expected area", Butterfly "almost" ready to engage, however, I think there is something missing, AB=CD pattern ends slightly above, the 61.8% retracement also very close, price action printing higher lows and lower highs, looks like, or, probably one bullish pennant is being forged here...

*Keep an eye on this flyer...

Previous published idea:


BEARISH BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD

Ratios:


Safe Trades;
open.spotify.com/track/3EICmI9QNviAUB17cT3HZz
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