Reason to entry:
-Rising wedge pattern
-Butterfly pattern
-D leg confluence with impuls leg 38.2 retracement
-Double top pattern
-All of the pattern related and forming a high probability setup
-Strong structure at final exit
-This setup MAYBE will correlate with march Fed hike, since AUD have strong correlation with gold.
entry:
-wait for breakout from the wedge pattern, or..
-entry at butterfly's D leg.
Final exit:
D leg of big AB=CD pattern (equal length of wedge impuls leg)
-Rising wedge pattern
-Butterfly pattern
-D leg confluence with impuls leg 38.2 retracement
-Double top pattern
-All of the pattern related and forming a high probability setup
-Strong structure at final exit
-This setup MAYBE will correlate with march Fed hike, since AUD have strong correlation with gold.
entry:
-wait for breakout from the wedge pattern, or..
-entry at butterfly's D leg.
Final exit:
D leg of big AB=CD pattern (equal length of wedge impuls leg)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.