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EUR/USD analysis

Butterfly is under-formation. It is however unconfirmed now.

Action plan: we will wait for EUR/USD to retrace upward and then let any type of bearish candle pattern form on 1H, then enter sell.


Alternatively, If EURUSD moves up faster than its downward move from C and goes up more than 50% of downward move from C; harmony required for this butterfly (harmonic pattern) will be damaged and we'll rather look for buying opportunity.


Let's see which type of chance EURUSD gives us.



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