It looks like this market preparing for a downtrend , especially with OPIC this week. keep looking for closer clear breakouts to confirm the trend. Thank you & Goodluck.
Potential bearish move coming on FX:NZDJPY
Price already rejected at 1.01224 support. Support Level falling under 0.786 fibonacci as shown. Bearish butterfly pattern already formed. RSI at 70 has been breached and is going down, thus good sell entry. Target levels are based from coinciding fibonaccis from as shown and the retracement CD. Stop Loss: 1.01372 Target 1: 0.98853 Target 2: 0.96515
I am bearish on oil until price 30.00. I think that we are in corrective waves, and also possible Bearish butterfly in the making. If oil reaches the price of 30.00 and holds we could see big up trend, test of 50% fib and 1.618 extension and completion of butterfly.
-We have a bearish flag and and a bearish butterfly forming on the daily time frame. -At the D point of the bearish butterfly, we hit the 2.0 fib level, and got an instant retracement, which let to form a shooting star. -On the 15 minute time frame we have an ascending channel that is current forming a bearish pennant. If this pennant breaks to the downside, it...
If price reach monthly resistance , a bearish butterfly pattern forms
Price will test the resistance zone , waiting for FOMC , then we could trade that
USDCAD Analysis Price is currently above the Daily ED channel. However, I have spotted a bearish butterfly, waiting for price to close in the PRZ. I will be monitoring RSI and H4 TF for entry. RSI is at overbought level on H4 TF now, awaiting bearish divergence. Note : This is a counter trend trade, so monitor your trade closely, I might not choose to wait...
Price is close to the top of the ED channel drawn based on daily chart. A bearish butterfly has been spotted around that area as well, a potential short. RSI is also at overbought now, waiting for retracement to enter the next hour.
Bearish Butterfly on the USDCAD at the top of a channel waiting for price to hit PRZ and some divergence with RSI PRZ: 1.33900 TP1: 1.31586 TP2: 1.30250
GOING SHORT HERE! SL 10 pips above point D TGT 1 @ 103.76 TGT 2 @ 103.54
So , price can test the daily resistance , if it bounce we can short that if it doesn't could buy that till the next zone Weekly Resistance , where bearish butterfly pattern and gartley pattern confirm.. That would be the most exciting scenario , but we reach there , happy pips!
Same as title. This is just an idea. Please trade with caution and stick to your own plan.
Price has gone slightly higher than D compilation but as you can see from the Stock indicator price is over brought. I have put TP's at 61.8% and 38.2%. Both TP's line up with previous structure. Stop loss is up at 0.85994.
Hi guys this is my first Harmonic Pattern's idea! Tell me what you think, if I'm wrong something and give me advise. Thanks for thumb up! FX:USDCAD
As you can see one of the more complicated analysis where I have targeted where each point may direct themselves. Firstly I just want to say this bearish harmonic pattern has been completed in a smaller scale and failed. Now that I have identified this completion of the potential pattern, I do believe this would cause the breakage of the 130. a solidified barrier...
NZDUSD has been strong since the start of the year but it doesn't mean we don't get to take short trades especially when price reaches key fibonacci retracement levels. If I try to plot a bearish butterfly, I can enter a short at 0.742 with a second chance to short at 0.752 which is the 50% retracement in the weekly. This trade idea are for traders who set stop...