Butterfly

The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it's important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.

The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels are behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
Alexander_Nikitin Alexander_Nikitin AUDUSD, 240, Long ,
AUDUSD: audusd. butterfly
282 0 36
AUDUSD, 240 Long
audusd. butterfly

mates. at market butterfly advanced formation. Looking for long entry. Contact me in PM to get stops and targets of this trade.

Trading_Jazz Trading_Jazz PRO GBPUSD, D, Short ,
GBPUSD: (Daily) Perfect ratios, perfect Bearish Butterfly
222 0 21
GBPUSD, D Short
(Daily) Perfect ratios, perfect Bearish Butterfly

FX:GBPUSD https://www.tradingview.com/chart/EURUSD/PyQ2bJKG-Butterfly-Pattern-Engagement-Rules-Educational/ Safe Trades;

Alexander_Nikitin Alexander_Nikitin AUDCAD, 15,
AUDCAD: audcad. butterfly.
107 0 15
AUDCAD, 15
audcad. butterfly.

mates. potential butterfly formation on my radar. will be looking for short at 1,272xa area. contact me in PM to get the stops and targets of this trade

Alexander_Nikitin Alexander_Nikitin GBPUSD, 15, Short ,
GBPUSD: gbpusd at market btterfly.
591 0 33
GBPUSD, 15 Short
gbpusd at market btterfly.

mates. the bear butterfly is already completed. welcome on board. if it work nice then we also have a bullish cypher completing as well. looking for a stop-and-reverse opportunity on these patterns. Contact me in PM for details of these trades.

WilliamSurya WilliamSurya EURUSD, 60, Long ,
EURUSD: EURUSD: Butterfly pattern setup
72 0 6
EURUSD, 60 Long
EURUSD: Butterfly pattern setup

Reason to entry: -Butterfly Pattern -price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag) -161.8 completion at strong structure lvl -wait for RSI confirmation -wait for higher high and higher close candle to minimize the risk Entry: -127.2% Butterfly’s ...

Rothschild-Yang Rothschild-Yang PRO USDCAD, D, Short ,
USDCAD: USDCAD butterfly model considered short
71 0 5
USDCAD, D Short
USDCAD butterfly model considered short

USDCAD will finish the butterfly pattern near 1.36890. I think in this area is not worth buying, selling will be a better choice.

MindTrader MindTrader USOIL, D, Long ,
USOIL: Crude
53 0 4
USOIL, D Long
Crude

Possible Butterfly pattern buy till 47.80

CajunXChange CajunXChange USOIL, D,
USOIL: $USOIL $WTI .886 47.72 in focus w/ gartley developing at 45
38 1 4
USOIL, D
$USOIL $WTI .886 47.72 in focus w/ gartley developing at 45

no explanation needed in my honest opinion. Testing prz of bearish cypher all year. 55 to much Selling <.886 note butterfly at 58 if 47.84 does hold. something to watch

shahinmp shahinmp UKOIL, 240, Long ,
UKOIL: Butterfly pattern in Brent...Buy signal
15 0 4
UKOIL, 240 Long
Butterfly pattern in Brent...Buy signal

Daily hammer-Butterfly pattern in Brent...Buy signal

crespi90 crespi90 CADJPY, 30, Short ,
CADJPY: Shorting NOW, or Buy opportunity in sight!
19 0 4
CADJPY, 30 Short
Shorting NOW, or Buy opportunity in sight!

Bullish butterfly/bat pattern to be completed the next day perhaps. I just took the turn/pivot area wildly, but expect a downtrend into a buying opportunity around the END of leg C to D

PippiStrongstocking PippiStrongstocking NZDUSD, 240, Long ,
NZDUSD: NZDUSD Shark Harmonic on 4h time frame
91 0 5
NZDUSD, 240 Long
NZDUSD Shark Harmonic on 4h time frame

In cahoots with an ascending triangle pattern on the 15m TF and a Butterfly Harmonic on the daily TF, NU's 4hr Shark's intentions are clear: Long and strong (unless I'm wrong). Happy Trading! Entry = .68929 Stop Loss = .68729 Take Profit #1 = .69369 Take Profit #2 = .69589

gsl1986 gsl1986 AUDUSD, 240, Long ,
AUDUSD: audusd
70 0 7
AUDUSD, 240 Long
audusd

buy it butterfly inside a channel .....

jolicoeur342 jolicoeur342 PRO AUDCAD, 240, Long ,
AUDCAD: AUDCAD - LONG ENTRIES
62 0 4
AUDCAD, 240 Long
AUDCAD - LONG ENTRIES

IF AUDCAD BREAK THE CURRENT SUPPLY & DEMAND AREA. I WILL BE CHASING THE ABCD PATTERN FOR MY FIRST ENTRY. MY SECOND ENTRY WILL BE SET ON THE 127% XA FIBS (BUTTERFLY PATTERN) THAT IS ALSO 161.8% OF BC PROJECTION.

tom_mok tom_mok NZDJPY, 120, Long ,
NZDJPY: NZDJPY Long
49 0 4
NZDJPY, 120 Long
NZDJPY Long

buy NZDJPY on pullback after break trendline using gartley pattern

tom_mok tom_mok USDCAD, 240, Short ,
USDCAD: USDCAD Short
39 0 3
USDCAD, 240 Short
USDCAD Short

Entry on smaller TF

DenizBartu DenizBartu AUDUSD, 240, Long ,
AUDUSD: Aud/Usd Butterfly Pattern LONG
71 0 5
AUDUSD, 240 Long
Aud/Usd Butterfly Pattern LONG

Not a perfect butterfly but still the entry point has so many fib confluences... If you prefer 61.8% pullback (0.75228) as TARGET it is ok...It is up to you... Good luck.

vip_Trader vip_Trader EURAUD, 240, Short ,
EURAUD: Active Bearish Butterfly on EURAUD
122 0 6
EURAUD, 240 Short
Active Bearish Butterfly on EURAUD

Active Bearish Butterfly on EURAUD sell @1.4560 TP1 @1.4435 TP2 @1.4309

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