Reason to entry:
-Rising wedge pattern
-Butterfly pattern
-D leg confluence with impuls leg 38.2 retracement
-Double top pattern
-All of the pattern related and forming a high probability setup
-Strong structure at final exit
-This setup MAYBE will correlate with march Fed hike, since AUD have strong correlation with gold.
entry:
-wait for breakout from the wedge pattern, or..
-entry at butterfly's D leg.
Final exit:
D leg of big AB=CD pattern (equal length of wedge impuls leg)
-Rising wedge pattern
-Butterfly pattern
-D leg confluence with impuls leg 38.2 retracement
-Double top pattern
-All of the pattern related and forming a high probability setup
-Strong structure at final exit
-This setup MAYBE will correlate with march Fed hike, since AUD have strong correlation with gold.
entry:
-wait for breakout from the wedge pattern, or..
-entry at butterfly's D leg.
Final exit:
D leg of big AB=CD pattern (equal length of wedge impuls leg)