PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!
Potential Reversal Zone at 2.1236 with potential targets at 2.1640 and 2.1885. For the brave souls that choose to take this trade, stops should be below the 2.1075 level.
The Potential Reversal Zone on this butterfly pattern is right above a previous major low. Because of this the risk is tiny compared to the reward. (1:10 for target 1), (1:18 for target 2). Entry at 27.74. Stops below 27.56. Potential targets at 29.95, and 31.37.
NZDUSD recently broke lower and offers a large move to the downside for 400+ pips!!! If you're looking for a way to short the larger move, perhaps this Bull Butterfly is the answer... I will likely post precise entries. Bull Butterfly has 70+ pips of upside potential 400+ pips of downside after Bull Butterfly retrace...Good Luck!!! KEEP THE RADARS UP!!!
A Bullish Butterfly pattern has formed on the Weekly chart of the GBP/JPY. Point D formed between the 1.272 and 1.618 extension of XA. Point D is @ 1.519XA. Pattern data is on chart as well as Fibonacci Retracement targets. Remember, this is Weekly chart, be patient. Manage you risk. Stop should be place BELOW piercing line pattern. Happy Trading!
Price still in range, trying to break support at 1.0806, a bullish B-fly projection emerge and could retest support at 1.0718 Note: Bearish bat projection (green) on D1 chart (see link for more info)
Now that the head and shoulder pattern is confirmed and the 1.08 has been broken a bullish butterfly could be the next move on this pair. Still some important decelerating data need to be released from the eurozone !!!
a butterfly trap in a cage LOL my bullish buttefly set-up
Looking for bullish signals before entry!! 150+ pips to the upside...Good luck!! KEEP THE RADARS UP!!!
We're in the zone of a Bull Gartley completion which may or may not work out. Regardless, all signs point to continued shorting possibly after brief retracing! Looking for buy signals when the Bull Bat completes before going long... 250+ pips to downside...Good Luck!!! KEEP THE RADARS UP!!!
My favorite pick eurusd is about to form a perfect bullish butterfly @ 1.057 but taking in consideration that we are in front of December and a lot of important decision will be released I will wait the pattern to be fully completed before entering a trade. I always tend to take in consideration the "Black Swan" effect that can change everything in just a moment....
Upcoming long opportunity that could go much higher with an upper break of this flag channel! 40+ pips to the upside...Good Luck!!! KEEP THE RADARS UP!!!
AUDUSD is nearing the PRZ of a cluster of bullish patterns. A large bullish bat contains a bullish butterfly in its D leg. In the PRZ of these two patterns, a bullish Wolfe wave setup has been completed. A D1 trendline sits at the base of the PRZ and may act as support when price reaches this area. To add to the bullish bias, two unhit pivots sit above price....
As shown, we have 2 patterns terminating at the same general area! Let's see how it plays out... 250+ pips to long target...good luck!!! KEEP THE RADARS UP!!!
AUDNZD is nearing the completion of 3 potential bullish patterns at the retest area of long term trendline support and a significant S/R zone. The wave count indicates this may be the beginning of primary corrective wave C and this could potentially be the start of a 5 wave impulse equal to or greater than the strength of corrective wave ((A)). Bullish RSI and...
I'm out and on to other interest like NZDJPY...hope this helped! KEEP THE RADARS UP!!!
GBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD. 5 Reasons to Buy: 1. Bullish Gartley pattern completion 2. Bullish crab...