FxLowe

AUDUSD Bullish Butterfly forming

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has been very harmonic lately. Latest pattern on my radar is a bullish butterfly that's already completed it's C leg. I believe this is a butterfly formation instead of a Deep Crab as XB does not reach 0.886, while the candle body closes above the 0.786.

Whether you choose to scalp it down to D, or just wait and hit it upon pattern completion, that's up to you. Good luck and stay safe.

PS - D point also happens to land perfectly on the 0.618 retracement of the CD leg of the prior gartley.

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