There is a potential bullish butterfly pattern forming nicely on the AUDJPY pair.
All the criteria is met for a butterfly pattern, that is good enough for me. I will be looking to enter on the noted zone where the last leg of the pattern (D) is projected to end.
Happy trading and as always have a good risk to reward!
Trade closed: target reached
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My buy limit & target has been reached overnight!
Happy trading!
Comment
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Could have moved the SL to BE and left this pair to run, as i believe there's a little more upside for this pair suggested from the divergence on the oscillator, however, all the action happened overnight and the limits that i had were hit. Anyway that was a beautiful butterfly!