Butterfly@1.272XA Short

USD/JPYOANDA

Description

⋅ Sep 24, 2021 7:58 AM

Hello again people, here we have a beautiful Bearish Butterfly Pattern In Formation,
the price is bout 80% to complete the PRZ and test the starting test the PRZ,
stay tune!

What I'm expecting here, the price should cross the resistance line making a false breakout and
complete the Butterfly, after that it should fall down!

Rules:
1. Harmonic Patterns Completion " Butterfly@1.127XA " - 80%;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.

" So do not throw away your confidence; it will
be richly rewarded. You need to persevere so that
when you have done the will of God, you
will receive hat he has promised ".

Comment

⋅ Sep 27, 2021 11:29 AM

Harmonic Pattern is complete, and the Price it's in the PRZ, let's wait to see the test and possibly the confirmation to get short!

Butterfly Support and Resistance

Comments

Investment_Analysis

⋅ Nov 8, 2021 12:00 PM

That was a fabulous looking pattern. They can’t all work. Half the work (or more) is finding these. You found it. I’ll continue to watch this one. The search continues.