This is a position I took at wave C of the Bearish Butterfly at 2631 sats and ended up taking profit at the top of the Ascending Triangle at 3237 sats for about a 21-22%ish gain. I am looking for a potential reentry between the bottom of the Ascending Triangle or the PCZ of the potential Bullish Bat. That being said, the Bearish Butterfly PCZ takes us slightly...
Nothing much for me to look for on the smaller timeframe, for countertrend trader you may have to wait for a retracement on the smaller timeframe for a buying opportunity. On the daily chart, a bearish butterfly pattern forming up within the sell zone. I'm definitely interested to see the development of this setup and might just participate in it.
For sell TP1 1.9780, TP2 1.09380, TP3 1.09150 For buy TP1 1.1120, TP2 1.1180
EURCHF Sideway JPYCHF up So looking for opportunity of SELL EURJPY SELL NOW Bearish Butterfly completed near down trend line
is this butterfly bearish if the AC fib not 0.382 or 0.886? 0.608 = between 0.382 - 0.886
A trend trading opportunity setup once again on GBPAUD chart. The bearish Gartley has already in a valid state for a selling opportunity but I'm just not comfortable for such a strong bullish candle close before market close on Saturday. I would need more confirmation for this. This trade decision will definitely be an epic 1 for me as it either is a great call...