slindstr
Long

AUDNZD LONG - Potential Bullish Butterfly

FX:AUDNZD   Australian Dollar / New Zealand Dollar
My original idea (https://www.tradingview.com/v/GBzsK1vv/) to trade this pair as a Gartley didn't work out, so we're on to Plan B, which is to trade it as a butterfly .

BUY @ 1.0316
SELL @ 1.0290 (SL)
SELL @ 1.0377 (TP) (1.0415 could be a TP2 and 1.0486 could be a TP3 if things get strong and you're daring)
--------------------------------
Risk: 26 Pips
Reward: 51 Pips

We're just about oversold again per RSI (7, close), so hopefully when we hit that 1.272 extension we'll be oversolf enough to pop back up. Major structure and mental bias @ 1.0300, so I put my stop just 10 pips below with the rationale that if we pass through, we're going all the way.

Best of luck!

could coincide with a larger picture cypher? just throwing it out there....!
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