Bearish Butterfly pattern has formed on 4-hr. AUD/USD chart. In addition, candlesticks have formed what I call railroad tracks ( two candles side by side with approximately same length and opposite colors ). CD leg of ABCD pattern is 1.272 x AB leg. D projection is very close to top of railroad tracks. The 127.2% extension of XA is around 0.9983, which is close to the recent high of 1.0000. see chart for full analysis.
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