lewglasgow
Short

AUD/CHF - Bearish Butterfly

FX:AUDCHF   Australian Dollar/Swiss Franc
It's a Sunday night, we have an amazing week ahead of us let's start off with AUD/CHF             on the 4h chart which is forming a bearish butterfly .

As you can see from previous price movement our pair is creating a channel, I would like to see price spike up to hit our D point completing the bearish bat pattern at 0.74700 then just drop straight back down. If the pair is struggling to push higher it may stall out at our 2.618 retracement then start to make a move to the downside, we'll see how this one plays out.
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Lewis Glasgow, Creator of Six Figure Capital.

Related Ideas

Technical15
9 months ago
Looking like it'll keep within the channel and hit that D point, great share!
Reply
lewglasgow PRO Technical15
9 months ago
Let's see but it's exactly what I was thinking, thank you :)
Reply
Technical15 lewglasgow
9 months ago
Should drop soon, thank you for the reply.
Reply
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