FX:AUDUSD   Australian Dollar / U.S. Dollar
1
Looking for a long entry scaling in and out until the butterflies D point is hit. At this point I will be looking for a short entry scaling in and out while manually moving my stop as shown in the chart. They butterfly is a common 4 wave extension of a 1-5 EW cycle and offers great R:R, and when it is showing up at the end of an EW cycle it has a higher probability of working out than a standard butterfly that can be found in ranging markets. Nitice the divergence in the CCI. I use a greybox system i created to find my exact entries and exits on a smaller TF.. Here is a picture of the lower TF chart I will be trading on. gyazo.com/96d70d4e86...323d90b2fd5fc35f901d
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.