Classic Butterfly SELL Pattern formed in EURUSD 4 HOUR Chart. 170 pips of profit potential. Reward/Risk = 3.1
Picture Perfect Classic AB=CD pattern completed. RSI showing bullish diversions. 4444 pips over rise expected. Reward/Risk = 3.46
CADCHF Who will prevail? Safe Trades;
Cypher partten valid. Go Short to find the next structure.
Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance. We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up. We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all...
The EURJPY pair has been on an absolute rocket ship recently, looking at a potential opportunity to short here. An aggressive entry would be right at 123.40's, I like to wait for conformation from price action at advanced pattern completion points; however, this is just an idea, one should not trade this set up should they not have a trading plan specifically...
a nice butterfly and a weekly pivot support right at this zone