Great selling opportunity around the 119.300s as the Crab and Butterfly pattern complete there around the same level. There is a possibility of a much larger Shark Pattern completing above at around 119.900s if you want to wait for that.
Bearish Butterfly pattern has formed in USDCHF H4 chart.The price is also within a channel and is protected by a resistance line.RSI Divergence is also shown.Stop loss is placed in the next resistance line.Target 1 is placed at B point, and target 2 at a minor resistance point.If price reverses,look out for taking profits in case price starts to reverse at 38.2...
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!
AUDJPY, Sell/Buy at completion of patterns DataForex Group - Professional Chartists WWW.DATAFOREXWEB.COM Follow us on social media - Instagram: goo.gl - Twitter: goo.gl - Facebook: goo.gl
EURJPY; has a potential reversal zone with completion of D leg (long opportunity) if the price fails and continues down = Next PRZ @122 (Butterfly) DataForex Group - Professional Chartists WWW.DATAFOREXWEB.COM Follow us on social media - Instagram: goo.gl - Twitter: goo.gl - Facebook: goo.gl
GBPJPY WEEKLY BUY GBPJPY WEEKLY BUY OPPORTUNITY, WELL IT WILL BE RETEST FOR SHORT,
GBPUSD WEEKLY BUY PIN BAR We can get the opportunity in buy fever with the GBPUSD WEEKLY BUY PIN BAR
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
FX:NZDJPY iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave...
We have a good supportzone below us all the way from the daily timeframe, that we recently broke away from. we are now coming back to retest it while forming a shark and a butterfly to give us an entry reason. i suggest placing the stop below the 1.618 extention of the butterfly go give the market enough room and targetwise shooting for a buy ralley from that...
FX:AUDJPY 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
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; open.spotify.com
im not looking for shorts here because i like shorting the AUDCHF alot more (setupwise) and i dont wanna bet on the same move on 2 AUD pairs on the same timeframe. im also currently not looking for longs but if we go alittle bit higher we have a breakout in play. the butterfly pattern most likly will produce some consolidation so i will stay patient and wait for...
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)
A bearish butterfly terminating @ previous structure is a situtation that provides the trader with a solid case for entry as well as a safe area to place stops. Look for targets according to your trading plan, and how you trade this set up. Good luck.
FROM THE DAILY CHART, WE CAN SEE A BUTTERFLY FORMING, WHICH PRZ IS EXACTLY THE HISTORICAL STRUCTURE. SO THE 1.104-1.107 AREA MAY PROVIDE A GOOD OPPORTUNITY FOR SHORT, OR, IT MAY ALSO DROP NOW WITHOUT TOUCING THE "ENTRY AREA" AS SHOWN ON MY CHART. THE THREE TPS ARE 1.093/1.084/1.071, WHICH ARE POTENTIAL R/S. IT WILL TAKE SOME TIME, SO BETTER WAT N SEE.
FX:EURUSD Short the breakout, Buy the harmonic 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 Indicator: High Low Difference Trend Assist Author: JayRogers safe trades; open.spotify.com