Bullish Butterfly pattern has formed on Daily AUD/JPY chart. Reason for trade: AB = CD pattern. D projection comes in at about 84.12. Candle spiked down to 83.97 just above the 127.2% ext. level. Hammer or Doji may be forming on Daily chart. 4-hr. chart shows same Butterfly pattern. Possible Bullish Engulfing candlestick pattern on 4-hr. chart. Profit targets at 85.75 (38.2%), 86.30 (50.0%), & 86.85 (61.8%).
AUD/JPY Butterfly Buy Pattern - Video
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