Zeheart
Short

Potential Bearish Butterfly Harmonic Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
485 4 3
Waiting for price to move up to complete the pattern and wait for Price action signal to short.

Potential PRZ is located around Yellow Box.
fximperija
2 years ago
Perfectly spotted! But Please don't use the XABCD tool, incorrect fib ratios. What is the most important fact about this particular pattern is the perfect confluence of XA 127.2 ext. and AB 161.8 ext.
snapshot
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CapMoore
2 years ago
Looks good to me.
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CapMoore CapMoore
2 years ago
Also, if it fails it tends to fail quite miserably, which could be used for opposite directional trade as well.
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Zeheart
2 years ago
snapshot


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