In GBPUSD we have a bearish butterfly completion. We can see that after a consolidation price is retracing having already broken the trendline acting as support of wave CD. It looks like this pattern has very good potential.
Stoploss and profit targets as shown at the chart. If price reaches the first target we should move stoploss at breakeven at the second trade.
In the description i write GBPUSD.. It's obvious that it's AUDUSD...
Yes this didn't work out well. To be honest i thought that the butterfly i posted an hour ago it wouldn't be completed. This abcd formed in a refined resistance zone and that's why i took it. Losses happen for everybody so not a big problem a lot.
I rarelly comment in here. I always reply to my post's comments like i do now. Have a good day..!