Apple22
Long

USDCAD HOURLY BUTTERFLY PATTERN COMING UP

FX:USDCAD   U.S. Dollar/Canadian Dollar
186 7 5
USDCAD             HOURLY BUTTERFLY PATTERN COMING UP
YOU CAN SHORT TO D ZONE
AND THEN WHEN YOU SEE A BULLISH SIGNAL
TAKE A LONG POSITION

GOOD LUCK
Didn't butterfly pattern required A-B leg to be atleast at 76.60% retracement, i see only 61.80%..
Reply
Apple22 FX_Twist
Butterfly Rules

AB can retrace up to 78.6% of the XA leg ( key word is UP TO)
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.618% – 2.618% of AB
CD can also be an extension of up to 1.272% – 1.618% of XA leg
The point D is known as the PRZ or Potential Reversal Zone

I hope this help. let me know if you need reference link

Good luck
Reply
FX_Twist Apple22
I learned from this:
Butterfly Pattern // Engagement Rules // Educational ®


-" The AB move remains valid as long as there is at least 78.60% retracement of XA!"
Reply
Apple22 FX_Twist
sorry my friend i do not know the source of this image. my suggestion is buy Scott Carney's book and go from there.
here is his link http://harmonictrader.com/
there is much much much more in harmonic trading than just specific point.
you are always and thats always dealing with zones.
buy one his books and I am here if you need help.
Good luck
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Hello Apple22, I assume your previous chart is not valid, is that right? pls explain why, the 5 rejections mean less than the butterfly? Thank you, Harry
Reply
Apple22 harilaos
Hello, it is valid this is hourly short to 1.27-1.28 zone the long
my other usd cad chart was daily Short.
Reply
harilaos Apple22
thank you
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