Am scaling my short entries on this butterfly for next week. A very tiny bet on entry 1 then wait to see what happens in the course of the week. Once bearish momentum is confirmed as per the harmonic pattern, then I may consider shorting a standard lot at C.
AUDUSD is bullish on the monthly outlook. It enjoys a double dose of bullish momentum. The first part is provided after this currency pair broke out above its horizontal resistance area which resulted in a momentum shift. The second part is being provided by an ascending support level which originated at the low of its most recent horizontal support area and which is pushing the AUDUSD to the upside.
Good Luck!
AUDUSD is bullish on the monthly outlook. It enjoys a double dose of bullish momentum. The first part is provided after this currency pair broke out above its horizontal resistance area which resulted in a momentum shift. The second part is being provided by an ascending support level which originated at the low of its most recent horizontal support area and which is pushing the AUDUSD to the upside.
Good Luck!