AUDNZD SELLPossible move on AUDNZD, expecting price to break from the trendline before selling to the 1.06000 zone, apply risk management.
Audndz
DeGRAM | AUDNZD through the channelAUDNZD is consolidating at the resistance level.
It is possible that price action will form a head and shoulders pattern.
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Just sharing for anyone back testing Butterfly PatternsHi 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
