eurcad. harmonic butterfly pattern

FX:EURCAD   Euro / Canadian Dollar
461 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 the MPS-v5.5 pattern recognition software:

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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out