I am short from the blue trend line touch at 1.4960 on the 4 hour chart. This is a good opportunity to add to my position or to enter a short position as price is forming a pullback on the one hour chart. Selling the break downwards seems like a good idea.
A nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support...
Follow by weekly downtrend is really match to butterfly pattern of harmonics. Let's see together!
There are numerous opportunities every month to profit from the swings in the minute charts if you can find those trading entry and exit points. If you know if you are looking at a top or bottom of a swing you greatly increase the odds you are trading in the right direction and knowing when you at the other end of your trade can help you maximize you...
bullish butterfly pattern developing completion at 1.272 fib extension TP @ .382 and .681 fib retracement of AD leg stops placed below previous structure
First Thing that I always do is to find the map and see where is the price and where it wants to go. I have seen a bearish Elliott Wave with possibility of correction wave to a little above wave 4 which I named it as Point E right on R5 Trend. (Based on Elliot Wave Principle). And Also I see a Double Bottom Pattern that gives more significant to reach point E....
FX:XAUUSD AB=CD completed... With eyes fixed on the butterfly targeting the 1000$, without losing sight of the eventual cypher or a reverse on price If it break the daily and weekly resistance; Sell the Cypger @D Buy the Butterfly @D CYPHER : Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD ...
I'm late to the party today since I haven't looked at any charts all day... actually since Thursday now that I think about it. Anyway we have 2 bearish advanced patterns setting up here on the EURUSD which also come at a retest of structure on the 240min. Good wicks at the killzone of the Bat and Butterfly so a double top at that level would offer another good...