Butterlfly
AUDJPY GARTLEY (BUTTERFLY) PATTERNHi, Guys This is deva I looking for new strategy Gartley pattern don't try it's not a confirmation pattern keep watch...
AUDJPY Gartley Butterfly pattern keep watch
If move down SL: 50PIPS
TP: 81.730
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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A BUTTERFLY FOR BITCOIN BUT A BEARISH ONEShort term positive uptrend, confirmed also by the volatility of some altcoin.
Actually : Altcoin volatility = bitcoin stability/increase
Week of 4/2/18 - Holiday ButterflyHopefully everyone is enjoying the Holiday weekend and March Madness. Instead of the weekly Elliott Wave post this week zooms in to detail with a Butterfly for the holiday. Harmonics are an excellent way to identify critical turning points and help manage risk at target and stop locations. Having price level objectives and using discipline are critical for navigating through uncertainty.
Nothing much changed from last week's Elliott Wave posting (if you can call Facebook and Trump's Amazon tweet nothing) so build on that with this week's details (see last week's write-up for reference). Anticipation is for the trend to carry higher, but with caution. An upward move could be shallow and followed by a threat of reversal and a lower low. If that happens it is significant and suggests re-positioning for further decline. Even if not shallow, wherever the targeted high is reached is a significant turning point (see Butterfly's point "D").
The support at 200d sma (2589), the red trendline (point "C") and low level of MACD/RSI (green arrows) all suggest an upward move is likely. The blue horizontal line is a Fibonacci level (.786 at 2675) that nicely dissects the entire corrective wave 4. Note the flat activity in December atop that Fibonacci line (additional support). With an upward move from Friday's close it is vital to watch what happens at the 2675 area. Whatever happens will be significant for what comes next at this major junction.
Meanwhile, enjoy the holidays and March Madness as we turn to April.
BBBY Long opportumityAn intraday high potential, Back Tested Long Analysis.
A We ll try to find an entry price within the expected pull back zone 22.09 - 21.42 as previously being back tested.
A butterfly pattern is shaped signaling a bullish movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Looking for a bearlish butterfly in GBP/CAD after bottom formedLook at the chart, Now a head and shoulder bottom is just formed last night! But a bearllish butterfly is going to formed (1.618xa and 2.24-2.618bc).
It might mean that price is going to pull back toward neckline, test it and will rise again!
If the butterfly is formed, short it and targit at the neckline
If the price is down before the pattern, long it around the neckline
Bullish butterflyBullish butterfly on both 1D and H4 timeframes. Please bear in mind the economic calendar when placing trades. Good luck
Long Opportunity GBPCHF (215 pips/2 days)Butterfly pattern on GBPCHF, potentially reaching trendline at 1.30000 (215 pips) in 2 days
EURJPY Bearish ButterflyHere we have FX:EURJPY with a potential bearish butterfly on the daily chart.
Valid butterfly pattern:
X-A: 0.786
A-B: 0.386 - 0.886
B-C: 1.618 - 2.24
X-C: 1.272
Risk to reward 1:3
I will be looking for further confirmation before taking the trade.
AUDUSD Butterfly and Fibonacci Inversion traqding setupA 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
Advanced Pattern FormationsHey 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!
