AUDUSD Bearish Butterfly Completion

FX:AUDUSD   Australian Dollar / U.S. Dollar
709 8 19
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.
Comment: In the description i write GBPUSD.. It's obvious that it's AUDUSD...
Stopped out of the AB=CD then?
What do you mean?
Marvin Fxprotrader
You published a short on this pair 5 days ago which appears to have been stopped out:
So I was surprised to see you have another sell set-up without commenting on this one that's all.
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..!
Marvin Fxprotrader
Ok. Thanks, you too and good luck. BTW I think you're very good and appreciate your charts.
Thank you very much Marvin.. Take care..!
The title is GBPUSD but the chart is AUDUSD. :)
+1 Reply
Fxprotrader kaiserace13
Lol.. Thank you mate.. i just fixed it :)
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