A bearish butterfly has set up on the 4-hourly timeframe, is nice to see that the setup is within the sell zone. On the 1-hourly chart, it has already shown that the trade is qualified, however, not yet on the 4-hourly chart. Wait for candle confirmation is essential for this trade setup.
BINANCE:LINKUSDT Link is making a bearish butterfly and hit the 0.618 fib zone. Lower high on the weekly and then downside let's see.
The bearish butterfly pattern setup signals a potential retracement on EURUSD. The candle did go past the HOP level, but right now the Arrow indicator has shown up with an RSI Divergence(red line). Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
With a strong bullish run on USDJPY, I would be much confident when the candle break and close below the trendline(Blue) and retrace back to the entry price(type2) before I would consider engaging the trade.
Have I not warned that Australia Dollar is going to crash? This morning there is a big move, and this is a reminder to traders who are optimistic about Australia economy. The flash crash is just the beginning, the 1st wave which I had shared months ago that the significant drop will happen around 1 June 2020 give and take. The threat is real, and the crash happens...
A break of the trendline(daily chart) may be a sign for a potential change of trend. In this situation, an appreciation is seen as a false recovery before a significant dip in this currency. I will be watching closely to see if the check-back of this butterfly pattern provide an opportunity to engage this trade.
Harmonic Pattern: Bearish Butterfly
The Bearish Butterfly can be completed around 1.98
The previous chart I shared on this instrument was the abc set-up that works pretty good most of the time. That being said, there is no kind of guarantee that price will move as mentioned. Always use equity stop losses that are realistic and ultimately at previous high or lows. Then manage the risk properly, use trailing stops or do soft profit taking at previous...
Good afternoon, just an update on the potential Bearish Butterfly pattern if we run up to the 61.8% retrace before selling off. -Extremely Unlikely We hit our .382 and I have posts made on what could happen because of it along with the 50% and the 61.8% Retraces. Here's what could happen if we make a 78.6% retrace. For the Bearish Butterfly, (78.6% retrace...
Good evening, Apple has been in a very very long term uptrend and we are getting severely overbought. We are also approaching areas of probable price reversal between the 1.414 and 1.618 fib extension. Entry is between $271.34 and at the safest potential entry at the 1.618 at $290.00 flat for a short. Stop is dependent on the entry, but with a $290.00 short...
Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact...
A bearish bat pattern has shown up in the same region of as the type2 bearish butterfly within sell zone and it is a trend trading setup. Sounds good? In most cases it is, but for this, there is a warning sign of a bullish flag pattern. Because of this, I do need further confirmation before engaging in this trade.
My second published analysis but I believe we have a potential Bearish butterfly setting up here on the 4H chart USD CAD, will be keeping a close eye on this one, once again feel free to make any comments or criticisms.
Takke profit at the 0.382 & 0.618 of the CD retracement. Approach with caution. Only putting on one debit spread for this one, because the IV is so low and this thing still has earnings momentum behind it. Best of luck.
Crude formed a bearish butterfly in 4hr time frame. Expecting the market to go down up to 52.50. Entry - 55.20 SL - 56.50 Target1 - 54.46 Target2 - 52.50 Follow me on telegram t.me/tradeyathra
A bearish butterfly forms a selling opportunity, thought its too early as the earliest it should happen is on 24Oct2019, but I do believe a massive drop may occur when market open as UK doesn't have a consensus on the Brexit deal and it got further delayed till 31Jan2020.