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Bearish Butterfly

FCPO - Droste effectThe price of FCPO may having some adjustment after it climbed above 3000 from 2764. Once again, the price entered multi years supply zone which has been tested 4 times since late Dec 2016. Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time frame. A potential reversal pattern before completing a bigger pattern. A potential trade opportunity if the price action tested & rejects from area of 3133 & fall back into the potential entry zone (small blue box) with a potential target price of 2970 & 2891. Signing out.
MYX:FCPO1!Short
by FXCruZaDer82
EURUSD, 4 hour timeframe, Bearish butterfly pattern on playWe could see price has been moving sideways for some time for EURUSD. In my opinion there is a bearish butterfly pattern forming now and price pretty much exhausted. There is a resistance at 1.1450 and price failed to break above it cleanly. At the same time, a bearish divergence can be spotted on stochastic so i am going to sell EURUSD from this point. Sell EURUSD 1.1425 Stop loss 1.1470 Take profit 1 @ 1.1365 Take profit 2 @1.1300 good luck
Short
by HayatoDragonFX
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