AUDUSD
Short Structure, Buy the Insect ;)
"(...) Butterfly fossils date to the Palaeocene, about 56 million years ago.
Butterflies have the typical four-stage insect life cycle. Winged adults lay eggs on the food plant on which their larvae, known as caterpillars, will feed. The caterpillars grow, sometimes very rapidly, and when fully developed pupate in a chrysalis. When metamorphosis is complete, the pupal skin splits, the adult insect climbs out and, after its wings have expanded and dried, it flies off. Some butterflies, especially in the tropics, have several generations in a year, while others have a single generation, and a few in cold locations may take several years to pass through their whole life cycle.
Butterflies are often polymorphic, and many species make use of camouflage, mimicry and aposematism to evade their predators. Some, like the monarch and the painted lady, migrate over long distances. Some butterflies have parasitoidal relationships with organisms including protozoans, flies, ants, and other invertebrates, and are predated by vertebrates. (...) butterflies are a popular motif in the visual and literary arts."
Check Wiki for more details ;)
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Safe Trades;
open.spotify.com/tra...3ZfMwFPTsa3tIPKzQHmo
