Bullish Butterfly an attempt to put the wind at your back AUDJPY

The bullish butterfly is at present of what may seem to be an end of the bearish siege. A friend of mine spotted a Bullish Butterfly on the 4 hours of this pair, one I actually didn't notice so thanks for this. Long term this pair has been on a heavy uptrend and has been receiving minor price correction. These price correction helps a trader enter back into the predominate trend which is bullish. This time of pattern however, possess an extreme price action towards the D point. My belief is the completion of the pattern will bring the pair back to the predominate trend and continue on.

取消訂單