BGP/USD
We are looking at a bullish 4-hour Butterfly pattern that started at mid October 2010. The target is 1,5835 with stops at 1,5350. This pattern, at the current Price level (1,5485), has a probable gain of 350 pips and a risk/reward Ratio of 1:2,6
TRADE UPDATE: TRADE COMPLETED AT 8/12/2010, 16:45 GMT WITH 350 PIPS PROFIT