AUDJPY Butterfly in Formation

FX:AUDJPY   Australian Dollar / Japanese Yen
Potential Butterfly Forming. Awesome Oscillator indicating bullish momentum, There a possibility of this pattern completion. Another one added on the list to wait n watch.
Just curious if this is a proprietary use of the "butterfly" pattern and your success with such
extreme variations ? I ask because the pattern you have outlined is vastly different than the
pattern I've been taught is valid - such as this:
Thanks for your thoughts and wishing you loads of pips in your pocket in 2015 !!!!!!!
Neel_K dojitrader
Yours would a valid "perfect" Butterfly. In above case, I was looking for AB = CD and D to be 1618 of AB.
To further my curiosity ~~~~~
As your answer implies that a butterfly or any other pattern for that matter
has multiple variations, thus, I was wondering, in your rules, when does a
butterfly no longer qualify as a butterfly.
Any way, in this chart you were looking more for an ab=cd than a butterfly ?
Thanks again and let's load up on pips this year !!!!!
Neel_K dojitrader
I'm still learning.. but this would invalidate my rules to qualify for butterfly....B not to exceed A, C not to Exceed B
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out