Possible move on AUDNZD, expecting price to break from the trendline before selling to the 1.06000 zone, apply risk management.
AUDNZD is consolidating at the resistance level. It is possible that price action will form a head and shoulders pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hi Traders, Wanted to share this with anyone currently back testing Buttefly patterns. Rules being followed for this Pattern: BUTTERFLY Point B - At least 78.6% XA (must close below 88.6%) Point C At least 38.2% AB (must close below 50%) Point D 161% AXA -2.26% Fib Retracement( Bearish ) Or 161% AB confluence – ( Bullish ) Profit 38.2% AD 61.8% AD