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Daily Feed: 1st April 2021 - Butterfly - AUD/USD - PatternSurfer

Daily Feed: 1st April 2021 – Butterfly – AUD/USD

Jump to: Pattern Result

Date and Arrival Time: 2021-04-01 06:30

Symbol Name:  AUD/USD

Pattern and Direction: Bullish Butterfly

Pattern Completion Price: 0.75315, Pattern Ideal Completion Price: 0.7536

A Completed Bullish Butterfly has arrived at 06:30 UTC.

This is a pattern with a formation span of  5 days.

There is a potential Buy opportunity at 0.75315. A safe stop-loss for this Butterfly can be kept at 0.7501 as per the pattern or 1% below the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .

UPDATE: 5th April – Success!

Take a look at the results of this pattern below