Bullish Butterfly- AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Entry = + CCI cross.
SL= D point @ .7856
TP1 = 100% fib @ .7954
Hei bro.how yu doing over there. Sorry this is not a butterfly pattern. I wantchu know and do the right thing. Interested in learnin hiw to draw patterns all accurately? I would add my experience in how to figure them out to you. Just holla at me. Done to others in this community and you could as welm benefit.

Thanks. Good luck trading
-1 Reply
wombatfx chrystael
I hate to break it to you but it is in fact a butterfly pattern....
yes it is not a perfect butterfly because the fibs are not 100% precise and perfect according to Carney's teachings.

By drawing Harmonic Patterns with an acceptable deviation -/+ fib ratios...we are in fact able to capture more possible entries according to Harmonics.
Although not all of these patterns will be winners, with proper money management a successful trading plan can be achieved.

Also if you are planning on trading perfect harmonic patterns i hope you have a lot of patience, very rarely will you find them, and in any perfect pattern you do find the fibs can be altered quite a bit, simply depending upon your broker and their price feed.

chrystael wombatfx
Ok. Nice man. All we are interested here is to make some cool pips and bank some profits.

I love your response, it shows you are matured.

Keep riding but any help im there for you.

Again good luck bro
+1 Reply
wombatfx chrystael
no problem good luck with the pip hunting! ;-)
what is your target?
Minimum target 100% fib extension
wwfm wombatfx
nice ) that you for sharing
wombatfx wombatfx
aka TP1
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out