eurcad. harmonic butterfly pattern

FX:EURCAD   Euro / Canadian Dollar
463 3
hey, mates. butterfly completed as Terminal Price Bar hit all the levels of Potential Reversal Zone (1.4955-1.4951). Whatch this area closely before entering. It will be a good sign if dodji or hammer ( inverted hammer , shooting star , hanging man ) appears. Wait for at least two red bars to have a sequence of lower lows and lower highs for confirmation. Also watch the RSI coming out from OB conditions on lower timeframes. Once the confirmations appear place your orders at market (or pending orders incase if you want better execution price). Stop loss should go above the extreme between the T-Bar and your entry (D-point). Tragets are the 38.2 and 61.8 % of AD. Have a good day. COntact me inPM if you have questions.
This pattern was found by MPS-v5.5 pattern recognition software:

The backtest of this pattern was performed by MPS-v5.5:

My YouTube channel:
With all respect it doesn't look like a butterfly after 1.4938-1.4898 retracement IMO. But thanks for sharing.
@NikM75, there are specific rules that form the pattern. When a trader knows them he doesn't need to rely on "looks like..." or "seems to be" or "IMO..."
NikM75 Alexander_Nikitin
@Alexander_Nikitin, ok, I take my words back regarding respect, looks and IMO.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out