Since December 2015, $NZDUSD respected 2 patterns I've mentioned for it (red Gartley and blue Gartley) and reached from the bottom of the weekly range to its top last week when it touched 0.685. As you can see, when $NZDUSD reached 0.685 and tested its weekly trading range's top (also a broken trend line that acted as resistance) it folded and closed the week...
3 potential swings according to Elliott waves theory with some Harmonic patterns for entry
$TWTR managed to stay above the broken trend line throughout last week's volatile price action. 16$ is now a support zone which includes also the Fast SMA line (currently support). Nearest resistance is near 19$ and it comes with the 50 days MA. In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA. Buy zones -...
Hi all, On the EURUSD we can see two patterns forming. One of them is a bat pattern and one of them is a butterly pattern. Depending on your strategy. If you have a more agressive style, you can enter the bat pattern and have a bigger stop loss. The butterfly pattern however, is perfect. It has great structure. This low of december 2015. Stop is below this...
FX:EURTRY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD Safe trades; open.spotify.com
Recently posted watching this after Butterfly completion. While it is still not overly compelling short entry, the set up is better since last post. I'm short but only a 1/2 position at this time. I'm going to keep a tight SL. Chart has my entry, SL and initial TP. Due to upcoming resistance, i'll watch action at those points.
Bullish butterfly on eurusd to be comleted @ 1.086 !!!
I think that the next pattern will be Butterfly pattern
I think that the next pattern will be Butterfly pattern
FX:AUDNZD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext B C 261% ext B C Targets: TP1 61.8% CD TP2 127% CD Safe Trades; open.spotify.com
with a really good RR, and under a resistance, I found a butterfly. confluence with 1,61BC fibonacci
BUTTERFLY PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: BUTTERFLY PATTERN There has been a lot of strength on the AUD/USD for those of you whom are following this pair. Here we have a potential Butterfly pattern setting up if support holds. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. ...
Both last swings indicated that EU is ready to hike back to the former, upper price. The price shows a false break price action which is externally retraced near the former peak. The shark harmonic pattern showed up and must be completed in order to make the future price advances back up. On the larger scale, the XABCD pattern on the half way to complete its body...
bullish butterfly on 4h on a support level TP1 and TP2 at 38% and 61% AD leg stop20 pips below x point
It's a Sunday night, we have an amazing week ahead of us let's start off with AUD/CHF on the 4h chart which is forming a bearish butterfly. As you can see from previous price movement our pair is creating a channel, I would like to see price spike up to hit our D point completing the bearish bat pattern at 0.74700 then just drop straight back down. If the pair is...