Hi traders, GOLD watch price to come around our mentioned pattern completion area and look price action with your own according strategy on the top for a short position opportunity GOOD LUCK.
Hi traders, EURUSD i am expecting from price to come around our mentioned pattern completion area without breaking the low and watch price action with your own according strategy on the top for a short term position opportunity GOOD LUCK.
USDJPY is slightly above the PCZ of a Bearish Butterfly and right at Monthly Candle Close Resistance with Bearish Divergence on both the MACD and RSI this will be the last line of defense for the JPY. Here below you can see the Monthly S/R zone:
Hi traders, watch USDCHF with your according strategy and look for a short term short position opportunity GOOD LUCK.
It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break...
Hi traders, USDJPY watch price action with your own according strategy and look for a short position opportunity for a short term trade setup GOOD LUCK.
It is amazing that till today the market still respect the parallel channel that I've drawn eons ago. I'm waiting for candlestick pattern confirmation to engage the trade.
This is a potential Logscale Butterfly at the PCZ of a logscale ABCD after declining 50 percent from the low to high of the Butterfly on the first attempt at breaking the PCZ. This may be the second attempt to break through the PCZ which if it fails could take us down much lower towards BTC's lifetime POC.
Let me know if this analysis confused you. Comment at the bottom; I like to know. The entire structure is on a bearish trend; there is an ascending channel that is shaded red, from that you know that my bias is looking for a shorting opportunity. As long as the market movement is kept within 1.1736, the bearish trend is considered very strong. Failure to do so,...
Finally, patience might just pay off. If the current candle closes as it is, there's a high chance for me to look for a shorting opportunity, once market open. What makes is better is a Bearish Crab Pattern materialised on the 1-hourly chart. Guess we can just wait and see.
A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity. Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
I've been nothing but patience for this setup. A Bearish Butterfly setup with RSI Divergence, probably the first trade I'm looking to get involved first thing in the morning tomorrow. Let's see how this goes.
EURJPY has the most interesting trading combo. Traders can check out its chart, from the 1hourly chart to the Weekly Chart. It shouldn't be too hard for you if you are a trained Harmonic Patterns trader. The Bearish Butterfly Pattern completes at 141.88, be patient and wait for the 3-bar reversal pattern.
A Bearish Butterfly rested in the key resistance zone is usually a perfect setup for me, however, there are some imperfection on this setup. A break and close above the previous Bearish Trendline. This is true, but at least it didn't break and close above previous structure, fingercross. The next thing I'm not comfortable is that the 4-hourly chart has an...
When a Bearish Butterfly is used as inflationary measure, Eventually, those two peaks from W becomes two peaks of M as deflationary measure. It could extend for more, we have seen it in the past in other graphics, but that would depend on many factors. So, for now, basic setup -CharterX // Personal ideas and knowledge i have gathered after thousands of...
The cup and handle currently being formed would suggest we go higher, but the coinciding of the 200MA on the daily timeframe with the bearish butterfly harmonic pattern suggests that upward pressure will be cut short around 24150, finally marking the highest point of the bearflag and it's breakout to the downside.
We have a bearish butterfly showing on the Bitcoin chart. We will see it reach Fib extension 1 at which point it will have reached the highest point of the bearflag, thus reversing and trending towards 11k over the coming days.
Open - 1.28916 TP1 - 1.29099 (target already reached) TP2 - 1.24514 TP3 - 1.24015 SL - 1.33499 Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.