Just look for that, a nice and beautiful Butterfly just got spotted inside the Bullish Gartley I found yesterday,
that gives us a clear sign about what's going to happen here soon on Sunday Market open, just something to understand this Butterfly has a different B-point, it went just until 50% if I saw that formation in the begin I would consider that a possible Bat, but I found that Pattern right now, and I believe the first number of the Butterfly was 50% or one of them if I'm not wrong!
I don't have much to say, so let's go to the rules folks:
1. Harmonic Pattern Completion (Bullish Butterfly@1.272) - Complete;
2. PRZ Hit - Done;
3. PRZ Test - Done and Waiting for the Second Retest;
4. Candlestick Reversal Sign - Done;
5. Candlestick Confirmation Sign - Waiting;
6. Stoch RSI Sign and Confirmation - I don't find indicators highly reliable nevertheless I use the Stoch RSI as a confirmation or an auxiliary confirmation fo my trades sometimes, and as you can check it right now, it's showing an oversold moment;
7. Risk Management - Applied;
8. Risk / Reward - 1/3;
" Why is good risk management important in trading?
- Because 'risk is like fire', if controlled it will help you,
if uncontrolled it will rise up and destroy you."
@TheForexScalper
Pips Hunters Forex
that gives us a clear sign about what's going to happen here soon on Sunday Market open, just something to understand this Butterfly has a different B-point, it went just until 50% if I saw that formation in the begin I would consider that a possible Bat, but I found that Pattern right now, and I believe the first number of the Butterfly was 50% or one of them if I'm not wrong!
I don't have much to say, so let's go to the rules folks:
1. Harmonic Pattern Completion (Bullish Butterfly@1.272) - Complete;
2. PRZ Hit - Done;
3. PRZ Test - Done and Waiting for the Second Retest;
4. Candlestick Reversal Sign - Done;
5. Candlestick Confirmation Sign - Waiting;
6. Stoch RSI Sign and Confirmation - I don't find indicators highly reliable nevertheless I use the Stoch RSI as a confirmation or an auxiliary confirmation fo my trades sometimes, and as you can check it right now, it's showing an oversold moment;
7. Risk Management - Applied;
8. Risk / Reward - 1/3;
" Why is good risk management important in trading?
- Because 'risk is like fire', if controlled it will help you,
if uncontrolled it will rise up and destroy you."
@TheForexScalper
Pips Hunters Forex