Bullish Butterfly – AUDJPY – D1

Victor Camargo
06/21/2021

The butterfly pattern differs from the gartley in that point D extends beyond thepoint X. The AB wave is a 0.786 retraction of XA. BC is a retraction between 0.382 and 0.886of AB. CD is an extension between 1.618 and 2.24 of AB. D is a 1.27 extension of the XA wave

The AUD performed relatively well in today’s session, while the JPY wasmajor with worst performance. Data released showed that retail sales in theAustralia rose 0.1% month-on-month in May, the lowest in three months,while last week, seasonally adjusted unemployment in Australia was at5.1% in May 2021, the 7th consecutive month of fall in the unemployment rate and the lowestreading since February 2020. Westpac Chief Economist Bill Evans noted that theThe report is a major ‘game changer’ for politics, highlighting the strength of the economy

Check in: 07:50

Departure: 10:18

Result: 200 points

Source:https://wintrademarkets.com/

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