Wednesday, February 26, 2014

Bullish Butterfly: AUD/USD - 4-hr.

A Bullish Butterfly pattern has formed on the 4-hr., AUD/USD chart.  Conservative profit target @ 0.8980.  Stop well below recent support @ 0.8840. 1.272AB=CD @ 0.8922.  Current D point is spike low @ 0.8915.

Bullish Butterfly: AUD/USD, 4-hr. Chart

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