ABCD + Butterfly pattern confluence on AUDUSD

16 авг. 2016 г.

AUDUSD closed above a major weekly trendline last week which is something it hasnt done in over a year. Although it did close in a pinbar, if price can close above the high of the candle then price will continue to go higher into our sell zone at the 0.8500 even level which also coincides with the D leg of an ABCD pattern and the D leg of a butterfly pattern.