Happy tuesday troops. Here we have ANOTHER harmonic on the Aussie-Dollar. This time we're looking at a bearish BUTTERFLY. The D point (PRZ) is in a similar area to the bat that I previously charted. I saw the butterfly whilst publishing the bat and meant to publish them together but time ran away from me! Here we have a bang on B point at a 78.6% retracement and a D point at 127%, also right on previous resistance! Now the big question is.. WHICH D POINT DO WE TAKE!?
Butterfly ratios
AB: 0.786
BC: 0.382-0.886
CD: 1.618-2.24
XD: 1.27
Butterfly ratios
AB: 0.786
BC: 0.382-0.886
CD: 1.618-2.24
XD: 1.27
