AUD/CHF - Bearish Butterfly
It's a Sunday night, we have an amazing week ahead of us let's start off with AUD/CHF on the 4h chart which is forming a bearish butterfly.
As you can see from previous price movement our pair is creating a channel, I would like to see price spike up to hit our D point completing the bearish bat pattern at 0.74700 then just drop straight back down. If the pair is struggling to push higher it may stall out at our 2.618 retracement then start to make a move to the downside, we'll see how this one plays out.
As you can see from previous price movement our pair is creating a channel, I would like to see price spike up to hit our D point completing the bearish bat pattern at 0.74700 then just drop straight back down. If the pair is struggling to push higher it may stall out at our 2.618 retracement then start to make a move to the downside, we'll see how this one plays out.
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