Hi everyone we have a pattern on GBPAUD. The price does seem to respect it also the targets have been labelled on the chart. TP1:2.00684 TP2:1.984117 RP3:1.96822 TP4:1.95184 Lets see and Good Luck
Short at D Tp1 at 38.2% Tp2 at 61.8%
Why long? breakout of grey box - its up line will act now as kind of S/R (support resistance) this place was also 161.8% fibo (red AB) My idea is price will go to another fibo level (result of measuring orange XA) pullback to S/R up to D point of butterfly then down for a while but no further than c.a. 1.45 Previously my idea was short, but...
Hi everyone I posted the first pattern (blue) few days ago, it seems to be in a progress so far. But we should also consider the trendline that are closing in which could lead to a potential downside trade or a confirmation for the blue pattern. Secondly, we have a cypher pattern (red). I will be updating along side as the market makes moves. Lets see and Good Luck
Hi everyone last week we traded two patterns on GBPAUD and both reached their target(s). The last pattern reached its target as well and the price reversed after that. The price might be at a previous resistance. Lets see if it comes down towards 1.998. I appreciate all the comments and likes, new charts will be posted soon :) Good Luck.
here we see a Butterfly pattern forming on the Euro against the Yen. If the pattern makes it above 136.025, the pattern will be complete, in which case i have places my entry at point B , my limit at the 1.618 extension of the BC leg , and my stop at the Red D point, because at that point , we are at roughly a 2:1 risk reward ratio, also because I am going to...
Here we see a butterfly pattern on the New Zealand , United States charts. I have given the market some space to complete the end of the butterfly pattern before continuing in a bearish trend, because the closer to perfect the pattern is , the more secure of a pattern it will be. I have placed all of my order actions in the usual places, with one exception....
Here we see a butterfly pattern on the Euro, Pound charts. Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line. I have placed my targets like any other...
Harmonics combination as described in the Weekly Markets Analysis www.themarketzone.net
Here we see a butterfly pattern completed on the Eur Aud 30 min chart. We know that butterfly patterns often rally to the 1.618 extension of the BC leg, so that is where our limit is at. Our entry is at point B and our stop is at point D, giving us a 1.39 risk to reward. I believe the rally will take place over the next few hours. Thanks for checking us out,...
As the title implies, 2 advanced patterns completed at the same time. Only take this trade if this is part of your trading plan.
We have 2 potential patterns, namely the Bat and smaller Butterfly pattern completing in confluence with a previous support turn resistance level. Personally I will be taking this trade should price continue upwards to complete the Bat pattern. Subscribe to my weekly analysis video: www.youtube.com Sit in for our Traders' Development Sequence on the 28th May 7pm...
Price has almost hit the completion point D of the purple Butterfly pattern, which is in confluence with the 127.2 - 141.4 extension for the C point of the white Cypher pattern, so a nice play could come out of this harmonic moves. I'm currently waiting for price to move a bit more to see if I can get the Butterfly pattern to complete and enter this market, with...
All limit orders were hit, and this looks to be an exceptional trade.. Am I wary about getting into this trade after we just had a bullish harmonic confirmation? Not the least but.. Risk management is essential. If you follow me on Facebook, I actually posted this screenshot a few days ago, and my orders finally got filled.
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...
AUDUSD 4h TF - A possible Bearish Butterfly
It's been a rough week for the Dollar and an expected slowdown in GDP this morning will most likely keep the ball rolling in that same direction. So SELL SELL SELL! Actually who am I kidding? I have no idea what's in store, and neither do you. By now you know how I feel about fundamentals and if you’ve consistently traded the markets over any period of time then...
EDIT: johneee3456 correctly pointed out that XB cannot exceed .500 for it to be a bat pattern; my mistake! Instead this could potentially be a butterfly, which would require: XB to be a .786 (we're close with a .782) AC to be a .886 (we're close with a .897) XD to be a 1.27 or 1.618 (not pictured) It's late and I don't feel like redoing the chart, but if you...