Butterflypatterns

GBP/USD: Three Drives and Butterfly Patterns in Play Good day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found

GBPUSD, H1 - Butterfly pattern Price broke parallel channel and is climbing up. If current local resistance at 1.3187 will be broken, the next interesting level is at 1.3230. It is fullfilment of harmonic Butterfly pattern and also resistance level that stopped the price few times in the past. So possible short-term reaction there. Trade carefully! Tomorrow is NFP.

by investlab-m7

Bullish Butterfly Pattern Checkback on EURJPY Here’s an interesting setup for all you counter-trend traders out there. A Bullish Butterfly Pattern checkback could provide a solid buying opportunity. Let’s break it down. Current Overview: - Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend. Strategy: Entry: Look to enter a long position as the market completes the Bullish Butterfly Pattern. First Resistance Level: Trendline Break: The first l

GBPUSD: A Cautionary Tale of Potential Bearish Patterns While the daily chart shows a potential Bearish Butterfly Pattern, my experience suggests this might not play out as expected - or it could be a significant warning sign for traders. If you're considering shorting GBPUSD, I'd recommend a type 2 retest on the Bearish Deep Gartley Pattern at 1.2756 as a more reliable entry point. Share your thoughts and trade plans for GBPUSD in the comments below!

GBPUSD Update: Potential Bearish Flag Trading Setup Identified Trade Setup: - Entry: Sell at retest of trendline - Target: Extended towards Bullish Butterfly Pattern completion zone - Trade Management: Utilizing upsize trade strategy Analysis: While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible continuation of the bearish trend. I'm waiting for a retest on the trendline to execute a short position on GBPUSD. Using my trade manageme

USDJPY Trading Plan: Fib-3 Bat Pattern Retest and Bullish Butter In our current analysis of USDJPY, two distinct trading opportunities emerge: 1. Fib-3 Bat Pattern Retest: - Timeframe: Weekly Chart - Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated. This pattern has previously yielded a substantial 903 pips in 13 weeks. 2. Bullish Butterfly Pattern: - Timeframe: 1-Hourly Chart - Setup: A Bullish Butterfly Pattern on the 1-hourly chart, with an entry point identified at 148.

A Successful Long Trade on Bullish Butterfly Pattern Those who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot). The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity. What's your trade plan for NZDJPY?

Weak Bull Formation and Short-Term Buy/Sell Opportunities EURUSD presents a potential shorting opportunity with the Bearish Butterfly Pattern on the 4-hourly chart at 1.1045. This aligns with the backdrop of a weaker bull trading setup observed on its Weekly chart. For those seeking a buying opportunity, consider monitoring the 1-hourly chart at 1.0993, where a potential support trading setup might offer an entry for bullish positions. What's your analysis or stance on EURUSD? Share your thoughts below!

Balancing Bullish Signals And Counter-Trend Strategies GBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691. Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart. However, if you're leaning towards a buying opportunity, considering the Weaker Bull trading setup on the weekly chart, the 1-hourly chart reveals a Bullish Butterfly Pattern. Keep an eye out for a retest around 1.2522

Weekly Marubuzu Candle & Hourly Bearish Patterns NZDUSD presents a Bearish Butterfly Pattern on the Daily Chart, tempting many traders to consider shorting. However, a note of caution: ensure the candle breaks and closes above the PRZ (red box) for confirmation before proceeding. My strategy leans towards prudence, awaiting further validation through the Bearish Shark Pattern on the 1-hourly chart at 0.6219. This approach not only reduces risk but also offers better returns, granting additional confirmation before entering the trade. Wha

Mth-long Consolidation for Profits GBPUSD currently exhibits a Weaker Buy signal, accompanied by a 5-week long consolidation phase. Trading Decision Dilemma: The month-long consolidation prompts a crucial decision: Will it be a buying or selling opportunity? Buying Opportunity: For those inclined towards a buying stance, watch for the completion of the Bullish Butterfly Pattern at 1.1951 for a potential entry. Aggressive Selling Approach: Traders seeking a more aggressive move may consider the Bearish

Warning Signs Amidst the Bullish Trend The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers. Long Trade Scenario: Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity. Short Trade Considerations: Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my attention: 1-hourly chart: A key resistance level at 1.2174. Daily Chart: A Bearish Butterfly Pattern may complete at 1.2244. I

Sideways Market Opportunity!🌟 Weekly Chart: - Consolidation since March 2022. - Patient trading can earn you 609 pips. - Ideal for traders looking for longer-term gains. 📊 Daily Chart: - Consolidation within the zone. - Trading within this zone brings 104 pips. - Great potential for 1-2 weeks of trading. 💡 Trading Opportunities: - Weekly chart: Bearish shark pattern in play. - Daily chart: Bearish crab pattern and more. - Four-hour chart: Butterfly pattern and gartley pattern. 💰 Profit Potential: - Weekly chart: First t

Sideway Consolidation, Perfect for Counter-Trend Traders!📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈 👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the one-hour chart shows a new low, great for shorting. 📈 Weekly potential shark pattern at 0.8704, and daily shark pattern at 0.8728, hint a

Shorting Opportunity Alert on EUR/USD!🐻 Weekly Chart: The overall setup on EUR/USD points to a Weaker Bear trend. 📉 This means there's potential for downward movement in the coming weeks. ⏳ Patience is Key: While we wait for the perfect entry point, keep a close eye on the lower timeframes for a shorting opportunity. 🧐 📈 Lower Timeframes: Look for price action signals and confirmation on the lower timeframes to pinpoint the ideal entry point for your short trade. 🎯 📉 Set Your Stop-Loss: Always remember to set a proper stop-loss t

Shorting Opportunity 🔍📊 Current Market Overview: I'm closely monitoring the EURUSD pair for a potential shorting opportunity on the higher timeframe. However, at the moment, two buying opportunities have emerged, which deserve our attention. Let's dive into the details: 🦋 Bullish Butterfly Pattern: On the daily chart, we have identified a Bullish Butterfly Pattern with completion anticipated at 1.0355. This pattern suggests a potential buying opportunity, indicating a reversal in the price action. It's crucial to k

Dollar Bias!My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level. If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern m

A shorting opportunity on CADJPY CADJPY has a Bearish Butterfly shorting opportunity. I'm going to wait for a retest on the previous high to engage the trade.

OMG! Did I miss a trade?OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart. From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry. 2 Economic Data to take note On 18Jan23(GMT+8) Tentative(usually before 3pm) JPY - BOJ Outlook Report JPY - Monetary Policy Statement JPY - BOJ Press Conference 9.30pm(GMT+8) US Core Retail Sales US PPI In any case, by the time the economic data is rele

NZDJPY - Bearish Butterfly A Bearish Butterfly Pattern on the NZDJPY 4-hourly chart within the sideway increase volatility setup is almost ready, close below 87.88 is required for a final confirmation but that is your decision to make.

USDCAD - Trendline Break Trendline Break could be a trading opportunity for traders looking to short the USDCAD. Friends that had shorted the USDCAD on the 4-hourly chart before might have a second chance trading opportunity.(check link within tradingview)

GBPUSD-Weekly Market Analysis-Dec22,Wk2 I'm waiting for a Bearish Butterfly Pattern check back at 1.2308 for a shorting opportunity. This is a counter-trend trading setup and if this suits you, it is something you want to look out for.

USDCAD - Bearish Butterfly Last night during our live session in trading view(www.tradingview.com). I've mentioned that there's no need to chase after the USDCAD trade as there's a rate hike decision happening in less than an hour. If it's your trade to take, you will have another opportunity. Missing a trade is better than getting into a trade you aren't supposed to take. I'm waiting for the current candlestick candle close to engage this trade.

GBPUSD-Weekly Market Analysis-Nov22,Wk4 It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pa