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Sell EUR/USD after ABCD and Butterfly completion.

Butterfly has been completed at final extension point of xa that is 161.8% of xa.

As well, ABCD161.8 (CD = 161.8% of AB, measured from C) has bee completed. Butterfly and ABCD both are reversal patterns, so market may correct itself a little even if it doesn't totally reverse.

D and d make a confluence resistance zone. RSI is overbought which makes EUR/USD prone to correction.


Minimum fall should be 30% of whole abcd move of Butterfly.


Here is how we have entered sell trades:

Butterfly & ABCD patterns

Risk: Our risk in this trade is equal to reward and we've placed SL accordingly.

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