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PlutusX

AUDJPY 1hr Harmonic Butterfly Analysis and Strategy

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
PlutusX  
FX:AUDJPY   Australian Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Butterfly AUDJPY audjpylong audjpy1hr audjpyanalysis mam fxtradingzones
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harmonicpatterns trendanalysis butterflypattern audjpy audjpylong audjpy1hr audjpyanalysis mam fxtradingzones
Looking at the 1 hr chart we see the completion of the butterfly pattern. Butterfly patterns are a good indicator of the end of a trend. Also, on the 1 hr chart the weekly support zone and bottom of the falling wedge is clearly visible and has since bounced off of it. These are all bullish indicators giving our strategy confirmation.
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