Looking for a possible reversal with a butterfly combined with HS keep an eye, it is also possible it breaks all the way down, Invalidation is below .66500
Do not know if this pattern was already finished at 1.27 Fib extension of XA "criteria for take profits would match" . Or it might be finished right at this point at 1.61 Fib extension?! happy trading :)
#EURUSD Butterfly Pattern Also in Mix with 3 Others
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!
wait for D completion within PRZ around 88.6% good amount of confluence Resistance lvl lining up with 88.6% fib stop loss 40 pips above entry look to target towards the 0.75332 trail if needed and next towards 0.73921
We are heading to a possible correction on SPX500 which would mean more sideways action in the nearest term. Will looks for longs at 2176 level. SL: 2185, TP: 2138
Quite a few potential patterns here on the 60m AUDCAD chart - bearish cypher pattern, bearish butterfly pattern and bullish bat pattern. Depending on which of them complete there may be an opportunity to go long or short. Like if you agree and don't forget to follow.
FX_IDC:CADJPY I can wait for divergence at lower time frame, following the 2h chart Safe Trades;
NASDAQ:AMZN Safe Trades;
wait until breakout trend then go short when the pattern complete go long
A nice potential Butterfly pattern forming on the 15M chart of AUDUSD, I´m on a short position on structure retest along the finish of the CD leg. The first potential PRZ @ the 1.27 extension of the XA leg and the second limit @ the 1.618 extension at previous structure lower low. Targets will be based on the RZ.
Brent oil forms a similar structure with CLM2016 (us oil contract at June): 1) Retrace 0.618 of last bearish wave and came to a big resistance zone 2) A wedge pattern forms for the retrace; 3) A butterfly harmonic pattern was completed; 4) A divergence was shown on the indicator; It is a nice selling setup with SL at around 44.1 and TP at around 40.6; Note:...
After breaking the ascending channel to down and the price failed to make higher high higher close level , which potentially indicate we will expect to see bearish trend , having said that we can see now a descending channel become clear and the trend keep doing lower low lower close , so expected bullish move at the mentioned zone up to the upper descending...