Long Eur/Usd Bullish Bat and Butterfly 4h
FX:AUDCAD Safe Trades;
Hi guys this is my first Harmonic Pattern's idea! Tell me what you think, if I'm wrong something and give me advise. Thanks for thumb up! FX:USDCAD
I setup my support area on a hourly chart. As the price reach the support area I noticed thanks to the RSI that the currency was oversold. On top of that I saw a nice bullish butterfly forming. I went long at 0.76332, set my S/L just below my support area and my T/P just above the pivot point. I'll take another look at what the price is doing in a few hours and...
FX:EURUSD Safe Trades;
Waiting for reversal bar pattern inside PRZ. - Bearish divergence is present. - Double top formation. - Channel resistance
Price has formed a bullish butterfly pattern with it's D point at a key zone. Looking at 1h chart we may see a MACD divergence which shows that we may soon have a reversal.
Last week, AMAZON's earnings resulted with a huge rally, exploding $AMZN into the PRZ of a bearish Butterfly I've been monitoring. My pre-earnings setup was bullish with anticipation that the price will complete the pattern and create a bearish opportunity I've been waiting for since August's low. The first target of this setup is 550-560$. The top of the...
While everything has kind paused now waiting on the FOMC, let me post this update real quick.... In my previous post, I talked about a bullish shark that will complete around the same point as the bullish 5-0 pattern would complete: at the 1.09600 area. Recent price action has now also set up a POTENTIAL bullish bat that will also complete right around that area...