FX:GBPNZD 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;
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...
FX:USOIL ;) Safe Trades;
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.
Read text written in the chart.
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 WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Hey traders, this is a cypher and gartley long opportunity on the H1 AUDUSD. You could take both of these separately since depending on your stop loss you could get stopped out on the Gartley and still have pending orders for the Cypher down below, or you could just choose one over the other. Remember stops go Below X leg and make sure to only take these trades if...
Previous setup in $GBPNZD resulted with a huge daily rally from AB=CD pattern completion to 2.24 which was my final target zone. 2.23-2.24 is daily structure zone (currently resistance). Since then, the price pulled back and formed what could be an aggressive C entry (bullish) for a bearish Butterfly pattern. Basically the scenario suggests that $GBPNZD will...
Coming to a nice level for a potential long entry with our Profit Traget at about the last major structure point which also falls in between a 0.382% and a 0.50% retracement giving you a very nice R/R of 2.4/1 . Stops go below the 1.414% extension.
A butterfly pattern completion at 1.1164 with hammer candlestick pattern (which is reversal pattern). This pattern also respects harmonics i.e. XA = CD leg. Risk Reward: 1:1
FX:AUDCAD ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) * However, find comfortable situations that allow us to enter the bullish momentum is where the focus...
XAUUSD FOR SHORT: REASONS: BUTTERFLY PATTERN COMPLETE; UPTREND CHANNEL PRESSING; WAVE 5 COMPLETE; RSI OVERBOUGHT; STRATEGY: ENTRY:1120-1124 AREA; STOP LOSS ABOVE THE CHANNNEL; TARGET PRICE:1103/1091/1082. SO , GOOD LUCK.