MikeDowns
Long

AUDUSD May Form A Bullish Butterfly

FX:AUDUSD   Australischer Dollar/U.S. Dollar
Final markup for AUDUSD longterm. My last post was vague, and I apologize for that. Looking at where things are now based off of the daily there will be some pull backs but strong bullish movement up towards the my 88.6 PRZ. If this happens, with all of my other confluences thus far, we are in for some pips! Current push came very close to the 78.6 PRZ, and hitting a quarter point. Currently hitting the 38.2 PRZ based off of my 1H and 4H analysis, with huge wicks on the previous candles, I'm looking for it to retrace based off a 1H and 4H double top formation, and re-test that has already taken place. Also, the quarter point has to be re-tested (see .75000). I hope this and my markup puts things more in perspective, hope everyone is in profit!
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