EURCAD has been on a recent uptrend and completed a bearish butterfly. There is an RSI bearish divergence seen. I am looking sell at a higher price, still within the pattern completion, as it is in confluence with a trendline resistance and gives a better RRR. Upon confirmation of the bearish bias at that level, I will go short. Stop loss is just above the ...
I'm sorry did not publish this one before... I missed it and I just caught it.
The failed Gartley I published on 11/14, became this Butterfly.
You can wait for a retest of point D @ 1.51042.
I just took it with a Market order @1.5078
TP1: 1.50122 (.386 AD)
TP2: 1.49492 (.618 AD)
I don't like to publish triggered patterns, but...
Can harmonic patterns work on cryptos?
Let's observe what happens to Ethereum when this bullish butterfly completes.
I might be interested to buy some ether when it reaches and reacts at the PRZ zone of this butterfly pattern.
Like all other examples, no reaction no trade.
If price bashes through the PRZ, we simply do not ...
DXY had fallen last week from highest level over 17 months at 97.70 after completing a bearish Butterfly pattern, it is expected that prices to continue falling at this week so the last leg of a bullish Cypher pattern complete at 95.38, we could see prices retreating from that level to test the broken trend line or continue falling to levels of 93.
Wave count still unfolding as anticipated. Important time just ahead to guide markets near term trend. Failure to exceed 2815 has potential for a sharp downward thrust. Success above 2815 points to further healing before an expected "C" wave occurs.
Thanksgiving is a great pause to connect with what is really important, whatever that means for you personally. ...
We have a bearish butterfly on audchf so that's mean a possible trend reversal
good winning ratio (2,5 for the first trade and 12 for the second)
using fib to take half and reenter
-2 or 3% MM no leverage
-move Sl to break even when 1:1 or 1:2
Ever wonder what EXACTLY is being corrected by a market decline? Pundits will argue about magnitude of decline to fit definitions like "correction" or "Bear market" by distinction of 20%, more or less. But what is being corrected, beyond just prices being too high? This week's chart delineates earlier market increases to reflect WHAT is being corrected in ...