Bullish Butterfly completion in $LNKD just below 100$.
Dare to trade it?
How about 1:5 R/R?
Assuming you'll recognize some intra-day strength signal tomorrow, $LNKD can be an interesting aggressive buying opportunity.
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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!!!
NYMEX:CL1! completed a Butterfly Pattern, and has started to increase for 2 days.
Additionally, it seems like a potential Cypher Pattern.
Combining two patterns, there is a strong signal that WTI Crude Oil will keep going long.
Enter Price 31.15
SL: 29.23
TP: 33.08
Potential reverse at this zone due to :-
1- Completion of Butterfly pattern .
2- Completion of Carb pattern.
3- Completion of ABCDpattern .
4- Valid structure level.
5-RSI oversold
As we have mentioned in a previous post price has broken a corrective structure for a sell off. It's now coming back with an upmove and soon it may complete two bearish harmonics, a cypher and a butterfly which will probably push price down once again. Looking at previous structure we can see that at the level og ponit D of cypher price dropped massively.
If...
The market has been really dull here at the beginning of the week, but here is a good potential opportunity for a buy on aud/nzd. The Butterfly and the Bat Pattern completing here at the exact same point, with structure. This is a very nice trade because if the market breaks the X leg of the Bat Pattern there is nothing really stopping it from dropping much...
EURCAD has respected the 1.554 level and is showing signs of short term weakness. The pullback after completing leg AB of the potential butterfly pattern has presented an opportunity to sell. Relatively flat 200SMA and 500EMA with price hovering above adds to short term bearish bias. The unhit weekly pivot makes for a good target. SL is placed at structure...
If we see EURAUD rally during next week take a look at this PRZ. We will most likly see a little bit of relieve in this area and it can be a good point to sell for a smaller downside move. Targetareas indicated by the blue lines.
I wouldnt suggest shooting for more than that as a target since i see AUD weak and EUR strong in the next future, but at least a...
Since my latest analysis for $DXY it has consolidated between 98$ and 100$ and formed 3 more potential patterns.
3 of the patterns complete just below 100$ making sell zone 1 (see in chart) a very strong resistance zone.
2 more patterns - Two Butterfly patterns - Complete near 101.5 and that makes the top of a longer term potential reversal zone in Dollar index....
A nice trade wherever the market goes. You got a Shark to the downside and a Deep Crab and Butterfly at the same structure level for the upside. Dosent get any better then this.
3 PATTERNS
PAIR: EUR/CAD
TIME-FRAME: 1HR
TRADE: 3 PATTERNS
Here we can see pattern setups
on the EUR/CAD 1HR time frame.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
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