$AUDUSD: The butterfly within ABCD by Gav Leave a Comment For some unknown reasons, I can’t tweet the chart I posted in Chart.ly. Anyway, here is the $AUDUSD chart I was talking about. A bearish butterfly formed within the bigger ABCD swing.
Looks like we hit D at ~.9350. Was in and out of AUD/USD on the move up, but looking back came out with roughly as many pips as I would’ve if I’d simply held throughout. Hopefully you caught the majority of the CD leg. Now it’ll be interesting to see where the pair moves from here given that We’ve reached a significant fork in the road. No coincidence this target is at the massive wall of supply around .9350-.94