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AUDCHF Bullish Butterfly Formation 4 Hours Chart

AUDCHF Bullish Butterfly Formation 4 Hours Chart

CURRENCIES

INSTRUMENT: AUDCHF

CHART TIME FRAME: H4

PATTERN / INDICATOR: Bullish Butterfly Harmonic Pattern Formation

PROJECTED PRICE ACTION: If the price breaks below the X Leg – 0.72700 – Bullish Butterfly Pattern would be completed at the D Leg -0.72400 – Possible retracement Fib 38.2 and Fib 61.8

Possible Trade Opportunity of  The Pattern:

TRADE: LONG

Area Of Entry: 0.72400 – 0.72300

Structural Stop: 0.72000

Take Profit 1: 0.72800

Take Profit 2: 0.73100

 

AUDCHF Bullish Butterfly: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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