SL above 1.3377, risk 1% Entry 1.3336 (at market for me) Target: Open
A butterfly pattern has formed with entry point the same as the Fibonacci Inversion trading setup. Market overextended itself against the trend and reached a strong sellers area. We are waiting for the rejection. Sell now!! There is RSI Divergence in lower timeframes. Stop Loss and Targets as in chart. With regards, Michail Sideris
Hey Traders, Butterfly Pattern completion at 80.475, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg. Trade Your Plan!
Hi Traders, Possible Butterfly completion this week. Please watch D level but allow price action to provide bullish evidence. T1 @ 38.2% - 80.952 T2 @ 61.8% - 81.574 Stop @ around 79.280 Good luck. Trade carefully.
Gartley pattern on USD/CAD is complemented with a Butterfly pattern t the completion area.
x2 opportunities on GBP/NZD with Harmonic Pattern formations on the 1H time frame. Targets at the 38.2 Fib Retrenchment with stops being at the 1.272 Extension of the X-A leg.
FX:EURCAD Safe Trades;
Bearish Butterfly at 78.6 retracement and AB = CD 1.272 Sitting on the 61.8 of the down trend.
A butterfly pattern with 78.6 retacement and 61.8 of bearish leg
This is a butterfly setup that I have spotted on the H4 timeframe on GBP/USD. Its a solid retracement before going downwards. Lets see how this trade plays out. Should reach around .382 retracement and hopefully even reach 0.5 if we can get lucky.
Long AudNzd - Leg CD , target 1.2100 (Weekly) Inverse head and shoulders = Daily - measured target 1.2200 4 hourly = double bottom
February Live Cattle showed weakness early and ended the day in a bullish cross. Looking for more upside tomorrow and through the week to move towards 116. Still believe that the Elliot Wave is still intact.
NSE:NIFTY Safe Trades;
#EURUSD Multiple Patterns(Bat,Cypher,Butterfly) Pick Your Choice Yellow Bat Pattern Trade is already Active