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RaynLim

Trade Ideas Educator: AUDUSD Butterfly

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
RaynLim  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Butterfly Trend Lines Support and Resistance askforex100 AUDUSD Bearish Butterfly Harmonic Patterns checkback Trend Line Break countertrend rsidivergence
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butterflypattern trendline supportandresistance askforex100 audusd bearishbutterfly harmonicpatterns checkback trendlinebreak countertrend rsidivergence
A break of the trendline(daily chart) may be a sign for a potential change of trend. In this situation, an appreciation is seen as a false recovery before a significant dip in this currency.

I will be watching closely to see if the check-back of this butterfly pattern provide an opportunity to engage this trade.
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