Here we can see 3 possible setups. Not ruling out any possibilities, but the confluence between the Bearish Gartley and Bullish Butterfly making me want to short at this area with stop above A point of the Bullish Butterfly.
Entry at 2.14396. With SL at above A point of Bullish Butterfly. Target TP will be at the completion of D point of Bullish Butterfly. It is a big swing.
Comments
Marvin
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Hi. Just wondering why your entry would be at 2.1439 when your D point is higher at ca 2.1464?
Thanks for sharing. Nice work.
nezyrinfx
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i got that mistaken already bcoz the price has not completed yet. but looking at current scenario, its most likely to fill the yellow Bullish butterfly D point.
DavidMoss
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The Nzd/Cad looks like it has some interesting bullish patterns forming, bat or gartley.
nezyrinfx
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i dont trade nzdcad :)
DavidMoss
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I'm wary because price has broken through a historical high. So selling this pair may be a little risky.
nezyrinfx
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yes..but i am also waiting for the weekly close on this pair..it could be inverted pinbar.
DavidMoss
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I have picked up on the bullish gartley. Didn't see all the other possibilities though. I'm seeing a more bullish outlook.
nezyrinfx
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ah we are the same. but i cant rule out any possibilities.
Thanks for sharing. Nice work.