EURUSD: Falling from Top of Falling Channel Amid Butterfly, 7th November 2016

EURUSD D1, Falling From Top of Falling Channel and Major Resistance Zone

The price is seen falling from the top of a major falling channel after it got resisted and rejected from a major resistance zone, signaling for the price to fall further.
EURUSD M15, Butterfly Pattern, Breaks Below Previous Swing Low

In the M15 chart, a butterfly pattern was formed and has caused the price to fall and break below the previous swing low at FR100% of the butterfly, again signaling for the price to continue to fall.
I will be waiting for the price to retrace and apply retracement channel strategy to look for a selling opportunity.

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