AUDNZD Pending Butterfly Pattern at Key Support Level

Price has been moving for a long period of time above a slide parallel of a downsloping median line, which has acted as support several tims previously. Looking now at the 240min chart, we see that a bullish butterfly pattern is about to complete above the support parallel. Sl and tp as shown at the chart. If price reaches the first target we move sl at breakeven at 2nd position.

I wish everyone a Happy 2017..! All the best to you and the ones you love and love you..!

Trade active

Trade closed: target reached:

98 pips booked.. We may move sl to breakeven at 2nd position for a risk free trade :)