IF the market reached 101.6-101.7 zone we have great opportunity to sell the market short will be based on: 1. bearish trend 2. test of bearish trendline resistance 3. fibconfluence 4 bearish butterfly pattern
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Our pattern is completed Short position is opened
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Dodji?
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T1 reached!
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Trendhopper
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thanks Vas , i missed it, was in bed, I'm still targeting the 1.618 ext which should come in play tomorrow evening when it retests the established 3 month downtrend line...
G13arker
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Great chart as usual, thanks very much fo sharing
VasilyTrader
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thank you for your support!
Trendhopper
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lots of dollar strength...DXY targeting 96.80 Gartley which ties in with your butterfly and a similar butterfly on USDCAD.....I will short my dollar trades there because 96.80 is strong resistance/downtrend line on DXY...i can't see any complex patterns in the other direction...my crab must be invalid by now