wombatfx
Long

Bullish Butterfly- AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Entry = + CCI cross.
SL= D point @ .7856
TP1 = 100% fib @ .7954
what is your target?
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Minimum target 100% fib extension
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wwfm wombatfx
nice ) that you for sharing
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wombatfx wombatfx
aka TP1
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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.

Sincerely,
Wombat
Reply
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! ;-)
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