Reason to Entry: -Valid butterfly pattern -Fibonacci confluence (3) -in line with rate hike event (AUD have correlation with Gold) -wait for RSI confirmation -wait for candle formation (double top or doji) -if CD leg are too steep, it's a warning sign price will go higher and higher -You can entry with butterfly pattern setup or wait for breakout of consolidation
Entry: -127.2 of butterfly -161.8 of butterfly -breakout of consolidation
Exit: -retest of A point of butterfly -Equal measure move of the trend (161.8 extension)
Void if: -CD leg of butterfly too steep -price breakout the consolidation before touching 127.2 of butterfly