Trading_Jazz
Long

(4H) ABC correction // Double Bottom // Butterfly // IF=THEN ®

FX:AUDCAD   Australian Dollar/Canadian Dollar
FX:AUDCAD            

ABC correction with a double bottom , a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. ( bullish rsi divergence on oversold condition for instance) *

However, find comfortable situations that allow us to enter the bullish momentum is where the focus point.

BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC            
261% ext BC            
Targets:
TP1 61.8% CD
TP2 127% CD

Safe Trades;
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