AUDJPY Butterfly formation
Updated
Spotted Butterfly pattern on the uptrend, price will rally to and test the 38.2% retracement level before finding minor resistance and moving to the 50%. This level has proven to be an area of resistance in the past. Close or keep partial positions open for a potential break in the supply zone.
Note
Respected the 38.2% retracement level.Trade closed manually
Exited the trade.
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