AUDUSD Daily

nzdjpy bat

as it is against the trend I wasn't keen to sell this, however, with the potential double top failure, it now looks more attractive, plus the original price action from the peak, appears to replicate the original gartley pattern and rules, let's see...

eurgbp gartley

with the trend,
ABCD @ .886XA

audnzd gartley

a bit early to post but if we see audnzd higher over the next few days then this formation looks interesting

audusd bfly

Depending on if your learning comes from the Pesavento or Carney (perfect fibs) school of thought there seems to be some confluence on the audusd.

I'm not sure if i'm çurve fitting price action here on the audusd daily.The adjustment of the B point to fit a butterfly takes poetic licence. We have some confluence with 1.618XA & 1.27ABCD

On the hourly's we have almost a mini mirror pattern of the daily's, again with the poetic licence on the B point. The fib cluster at XA 1.618 and 1.27ABCD is much tighter.





As Carney says a butterfly should only be 1.27XA, but 1.618XA then we crunch through the crab calc's and end up with the similar daily and hourly patterns mirroring each other. The dailys have minimal confluence points so I'm not worrying about them too much.





The hourly's show a nicer fib confluence, but even that isn't enough to sell into a rally. However now that we have have a dip, is a short audusd position worthy of consideration while the 1.618XA holds?

EUR / CAD

interesting to watch reaction on horizontal support levels which fits with fibs - 38.2 and 50 and also with butterfly for potential longs

could this stop GOLD?

Emerging USD JPY butterfly

Will try som longs on 127 and/ or 161 extension , hourly