tntsunrise

Eurusd Back to Back Butterfly + Cypher

Long
FX:EURUSD   Euro / U.S. Dollar
1203 views
51
EURUSD Beautiful BACK TO BACK Butterfly and Cypher

We have a butterfly pattern completed
@ 1.0647
We have a back to back cypher (yellow)
completing at 1.0787
Trade Plan:
Long EUR now, stop below 1.0620
Target : 1.0787
Then we Short based on the Cypher Pattern
Comment: Nice Reversal, Keep going north
Comment: TAKE PROFIT AT 1.0745
half position
Official Website:
http://www.harmonicasia.com/index/course.html
Video Tutorial: http://www.youtube.com/projack
Weechat ID:jackedu007

Comments


Are we allowed to use advanced patter here ? seems that we still have the structure , so we hould use structure , until the trend is broken.
right ?
Reply
tntsunrise Marco77Polo
yes you can use the pattern here. because in 1h chart the price has already tested 1.272-1.414 level twice,and break the trendline
Reply
mhabash15015 tntsunrise
what about gbp usd sir ???
Reply
tntsunrise mhabash15015
face resistance soon
Reply
Hi,JACK, why don't you think that the D point of the butterfly pattern will goes to the 1.618 of AB then rise instead of the 1.414 of AB?..
Reply
Correct, For Butterfly Pattern we enter 1.272, 1.414, if go too deep , the risk reward is not very good
Reply
really good work mate, like your analysis, always a pleasure to read your charts!

Best,
Sam
Reply
tntsunrise shasst1
Thanks bro!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out