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Butterfly

The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.

The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
Trading_Jazz Trading_Jazz PRO GBPUSD, 180,
GBPUSD: (3h) Bullish Butterfly at 127% // Eventual Pressure Zones
963 1 21
GBPUSD, 180
(3h) Bullish Butterfly at 127% // Eventual Pressure Zones

FX:GBPUSD https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz PRO LLOYL, 720,
LLOYL: (12h) Lloyds Butterfly at Divergence
372 1 8
LLOYL, 720
(12h) Lloyds Butterfly at Divergence

CHXEUR:LLOYL https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz PRO USDCHF, 720,
USDCHF: (12h) Bullish Butterfly at 141 % extension
489 0 10
USDCHF, 720
(12h) Bullish Butterfly at 141 % extension

FX:USDCHF https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

mardy2k16 mardy2k16 GBPEUR, 60, Short ,
GBPEUR: Short GBP EUR
63 0 1
GBPEUR, 60 Short
Short GBP EUR

Harmonic Move/Butterfly/Bat/Cypher

Trading_Jazz Trading_Jazz PRO AUDUSD, 240, Long ,
AUDUSD: (4h) When A to B is equal to C to D...
527 0 16
AUDUSD, 240 Long
(4h) When A to B is equal to C to D...

FX:AUDUSD Previous chart: https://www.tradingview.com/chart/AUDUSD/72DioN1w-2h-Aussie-Pressure-at-Shark-Territory/ Safe Trades;

Roker1 Roker1 PRO EURUSD, 60, Long ,
EURUSD: Harmonic Confluence on EURUSD
87 0 3
EURUSD, 60 Long
Harmonic Confluence on EURUSD

Hi guys, another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level. Two is better than one! Stops below X, targets at 382 and 618 retracement of AD leg. If you want to ask questions or share your idea, please comment ...

Trading_Jazz Trading_Jazz PRO GBPNZD, 60, Short ,
GBPNZD: (1h) Eventual Butterfly at Divergence? Crab at 161 % ext.
431 0 14
GBPNZD, 60 Short
(1h) Eventual Butterfly at Divergence? Crab at 161 % ext.

FX:GBPNZD https://www.tradingview.com/chart/EURUSD/ECb5Dl2T-Crab-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Trading_Jazz Trading_Jazz PRO IND1!, W, Short ,
IND1!: (W) Butterfly/Divergence/H&S/Structure/Shark/Confluence
219 0 5
IND1!, W Short
(W) Butterfly/Divergence/H&S/Structure/Shark/Confluence

BMFBOVESPA:IND1! https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/ Bons Trades;

Trading_Jazz Trading_Jazz PRO GER30, W, Short ,
GER30: (Weekly) Friday // 127% // Overbought // Divergence // Butterfly
367 0 10
GER30, W Short
(Weekly) Friday // 127% // Overbought // Divergence // Butterfly

FX:GER30 https://uk.tradingview.com/chart/DXY/uYss8mns-24-Educational-charts/ Safe Trades;

Trading_Jazz Trading_Jazz PRO AUDUSD, 30, Long ,
AUDUSD: (30m) Only a Broken Neck Validates a Double
677 2 11
AUDUSD, 30 Long
(30m) Only a Broken Neck Validates a Double

FX:AUDUSD https://www.tradingview.com/chart/EURUSD/TRN8FkXp-Double-Top-definition-2618-trade-setup/ Safe Trades;

Harmoney Harmoney EURCAD, 60, Short ,
EURCAD: BUTTERFLY 1HR EURCAD
35 0 1
EURCAD, 60 Short
BUTTERFLY 1HR EURCAD

Simple Butterfly on the 1HR/4HR timeframe, not 100% with this trade setup so caution is advised.

Roker1 Roker1 PRO EURCAD, 240, Short ,
EURCAD: Previous Support Becomes Resistance
54 0 2
EURCAD, 240 Short
Previous Support Becomes Resistance

Hey guys, some simple price action analysis here. On the daily timeframe price is going to retest previous support that once broken should become resistance. On the lower timeframe (4h) we can see some different clues pointing in the same direction: first, a butterfly pattern that's completing very close to the structure (black line), second, a .618 and a .382 ...

Harmoney Harmoney GBPCAD, 60, Short ,
GBPCAD: 3:1 BUTTERFLY PATTERN 1HR GBP/CAD
42 1 1
GBPCAD, 60 Short
3:1 BUTTERFLY PATTERN 1HR GBP/CAD

A sweet Butterfly pattern has formed on the 1HR chart for GBP/CAD Sadly missed the initial drop, but looking to enter at a better price within the PRZ, take profit is around 95 pips.

Roker1 Roker1 PRO NZDUSD, 60, Short ,
NZDUSD: Cypher & Butterfly completing right now!
71 0 4
NZDUSD, 60 Short
Cypher & Butterfly completing right now!

Hey guys, on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h structure resistance (black line) and right there there are two different harmonic patterns ...

NicTrades NicTrades PRO SPX, D, Short ,
SPX: SPX bearish butterfly resistance
150 0 8
SPX, D Short
SPX bearish butterfly resistance

Extended bullish runs tend to become butterfly patterns. The S&P 500 hits that pattern resistance around 2335 Note I am not calling "the top" here, just significant resistance and a likely correction.

Trading_Jazz Trading_Jazz PRO USDCHF, 60, Short ,
USDCHF: (1h) The Virtual Butterfly
332 0 12
USDCHF, 60 Short
(1h) The Virtual Butterfly

FX:USDCHF https://uk.tradingview.com/chart/DXY/uYss8mns-24-Educational-charts/ Safe Trades;

SamRavdandorj SamRavdandorj USDJPY, 60, Long ,
USDJPY: long ButterFly
156 0 5
USDJPY, 60 Long
long ButterFly

I wanted to share long opportunity here. Long butterfly has just completed at 1.27 FIB level around 111.7 and RSI levels are oversold as well.IF it meets your entry requirement go ahead and take this trade! conventional targets and stop loss 1.5 ATR. Goodluck!

Pokemon_King Pokemon_King AUDCAD, 30, Short ,
AUDCAD: AUDCAD - A quick butterfly short setup.
10 0 2
AUDCAD, 30 Short
AUDCAD - A quick butterfly short setup.

information on chart. SL = 200% XA TP1 = 38.2% of CD TP2 = 61.8% of CD

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