Potential bearish butterfly pattern coming in at the very top of a recent structure area. If the market intends on continuing to consolidate until Thursday, then it's an excellent spot t shoot for another move down.
Potential Butterfly & Cypher patterns lining up in the same reversal zone on the Gold Weekly chart.
Beautiful harmonics inside of a possible ascending channel. We'll see if this channel holds if the current Bullish Bat formation develops and plays nice as it's ancestors. Currently aggressive traders take short position of C Bat leg with SL above C. Overall trend is reversing from long term Bear. Shall we see if the Bearish Butterfly Double Bottom would paint a...
I've been following these two potential pattern formations for some time now and the recent higher close candle (01/12/2015) only adds to a likely completion of the formations. Stops need to go above 1344.87 and Target 1 is at 1235.09 (a nice even-handle). I will most likely wait for confirmation doji/ungulfing candles or a Double top at the 1299.13 entry point...
One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...
In the chart you can see the bullish Butterfly pattern formed last week in $EURGBP. In this week's Weekly Markets Analysis you can see how this harmonics comes right on a weekly support and near a weekly uptrend line. Read the full analysis and more here: marketzone.tumblr.com
The SnP has been in a strong uptrend, breaking new highs. There is a potential Butterfly pattern for a trend continuation trade. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Anything could happen when it comes to trading, I will sell this pair @ 0.7836 ( 3 harmonic patterns merging towards same area which is hitting previous support & resistance level and close to channel resistance.) Also selling zone that i mentioned here is 61.8 % retracement of previous high. Have a nice weekend! Bel-Air Trades
Everybody knows that dollar Index bullish. we want to sell all the pairs against dollar, here is my view for selling kiwi pair. I will sell this pair around 0.7944 area SL - 0.8050. If price failed to reach there I will sell (bat retracement) @ 0.7700 area SL - 0.7850. let's see how market react this levels
I let the chart do all the explaining.
There might be a potential bullish Butterfly pattern in GBPNZD pair on 2 hour chart. Note that the D point completion is where we also get ratio confluence between 161.8% and 127.2% extension of XA leg. The D point completion is also between a really good support zone (marked by pink dashed lines). It's a very good risk to reward ratio trade. Trade Setup: 1....
It looks like the GBPJPY trade we talked about last night has come quicker than expected. Two patterns for the price of one. Very big stop/loss on this so you may want to think about using an alternate entry technique in order to limit exposure.
I'm calling this a "Messy Bearish Butterfly" because B isn't quite at 0.786, but when we hit the 1.27 extension there's a good chance that there will be a pullback based on RSI. That being said, I'd only expect the pullback to hit the 0.886 because the Euro is stronger than the Canadian Dollar. I'm going to try out this bearish butterfly with a tight stop at 20...
(See the edit to Gartley #1 in the comment below) Looking at the 4 hour chart there are two potential Gartley patterns setting up: Gartley Buy Pattern (purple): Buy @ 1.9870 Sell @ 1.9770 (SL) (Note the typo in the above chart) Sell @ 2.0084 (TP) Risk: 100 Pips Reward: 210 Pips After the Gartley Buy, we also see a potential Gartley Sell with the CD leg...
$GBPUSD reached an intraday key resistant @ 1.6200 area. At Daily Time Frame, GBPUSD already tested Weekly Key Level @ 1.5880. There is bullish reversal potential here for long term look, and I am expecting It will build Inverse Head & Shoulder, where the 2nd should should be supported @ 1.5950.
I just finished tonights Syndicate video looking at EURUSD, NZDUSD, AUDUSD and EURAUD. One of the more exciting setups that I've been tracking since this morning has been the GBPUSD. Here's what I'm looking at. If you're a follower of mine at all then you know that I'm not a fan at all of Butterfly patterns. Actually, of any pattern that completes outside of the...
UPDATE: Pattern failure. Looks like market is currently in a wave 4, about to enter wave5. Alternative explanation would be bull pennant with a $10~ target. Good luck! The chart shows a butterfly pattern (purple), indicating a possible reversal. The pattern indicates the testing/re-testing of a critical support/resistance level. In this case, it's hitting against...
Gartley level violated and first Butterfly level now reached at 1.272 Fib. It may bounce and reverse to bull trend, or could go to next Butterfly Fib level of 1.618 at price range of 99.00