Pattern completed last week with price closing below PRZ. I'm waiting for a retest : Price to at hit PRZ and RSI to hit overbought level again before considering to take a short trade. Based on the ED channel I've drawn, trend seem to upward. A short near or at the top of the channel will be ideal. Good R:R at 3.1 (TP1) and 5 (TP2). Do adjust lot size according to...
I think first off all, we have decrease in gbp that support with bat pattern and then will increasing to complete bat pattern and then again fall! Remember to use price action in 4 hour char when you want to enter the trade! feel free to join my telegram channel: t.me/globalmarkett Cheers!
Wish i had caught this earlier. But if price shows a buy entry its potentially worth a shot. Remember that Harmonics can sometimes give too much bias. But since price obeyed structure almost perfectly, if price shows a buy opportunity on 4hr and daily don't be so shy if you have good risk management.
if point c is created at the marked horizontal level , which is also 78.6 % of AB , a perfect bearish butterfly maybe in the making ... what say ?
Looks likes a butterly is setting up on the Punjab National Bank Daily chart.... what say ?
In my opinion gold is going to create a "bearish butterfly pattern" Yesterday i published the same analysis for this chart but a bit less precise.. so it's just an improvement of a similar and previous work. I have also included stop and take profit
gold is moving in a consolidation area; this means harmonic patterns creation bearish pattern (butterfly type)
Elliot Wave and correction completed, Harmonic pattern in the works.
Potential Bearish Butterfly This chart is posted on our free blog. Have to clear the 15 dollar handle. PRZ at approx 15.60 Can be played long with caution on the way up and traded short at PRZ We only set a T1 at where it's traded now for this trade but will most probably make an ABC correction back at where it's traded now. We choose only to trade it up and...
entry 121.79 target1 .618 fib this is just how I trade the butterfly, follow your own rules on how you trade it, if its in your portfolio or trading plan. sorry forgot to put it on the chart, but the entry is an 1.618 extension of AB leg good luck
The bat pattern in yellow has already completed and reacted and reached TP1 at around 1.2446, but hasn't hit TP2 indicated by the purple line, cheers for those who have already locked in some profits. However, I spotted a possible butterfly pattern forming soon around 1.2465. At the same time, RSI is on its way to overbought level. R:R at 1.7 (TP1) and 3...
Hello Traders, I have spotted Bearish Butterfly Pattern on EURNZD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 1.27XA, AB=CD, 2BC and 2.24BC Fibonacci ratio confluence. I am expecting that price will resist in this area and reverse. Follow this idea for further updates. Happy Trading!
Hey guys, on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h structure resistance (black line) and right there there are two different harmonic patterns...
Slightly late when I spotted this, both patterns have completed and price has started to retrace. PRZ for Gartley in light blue, PRZ for Butterfly (in Purple) RSI is showing bearish divergence. DO NOTE : Looking at CFTC FX Commitments of Traders released on 10 Feb 2017: - AUD long 17K vs 12K long last week. Longs increase by 5K - Australian dollar net longs...
Potential Bearish Butterfly on USDCAD, waiting for price to confirm CD leg @1.3126 sell @1.3126 TP1 @1.3081 TP2 @1.3038
A butterfly pattern might be forming at the top of the resistance trendline. RSI is on its way to overbought level. Good Risk:Reward at 3.1 (TP1) and 5.3 (TP2).
Bearish Butterfly is about to complete on TATASTEEL. Time to go short.
Bearish Butterfly and Bat Sell Bat Setup ************ Sell at 117.269 Stop Loss at 117.85 Target 1 Fib (0.382%) 116.509 Target 2 Fib (0.618%) 116.054 If Bat pattern Fails than wait for the butterfly pattern to get in *********************************************************************************** Butterfly Setup ******************** Sell at...