I am monitoring this pair since May the 20th, when i had all signs for a short... but it wasn`t enought to have the signs... we also must have the Price Action... which obviously didn`t happen.
This was the post for that setup: http://gustavoforex.blogspot.com/2008/05/audnzd-bearish-butterfly.html .
Now, more than 300 pips higher, i think it`s a Bearish CRAB, but my friend from Portugal, Paulo, think that this Price Action is rather a bigger Bearsih Butterfly, as he shows in the chart he sent me on May the 22th (already updated).
Anyway, i think both patterns can coexist, since the bearish movement of my bearish CRAB can be part of the bullish movement that the price is making to complete Paulo`s bearish Butterfly`s CD leg @ 1.3400.
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