USD/CAD Gartley & Butterfly 15 minutesGartley pattern on USD/CAD is complemented with a Butterfly pattern t the completion area.
Butterlfly
GBP/NZD Harmonic Patterns x2 opportunities on GBP/NZD with Harmonic Pattern formations on the 1H time frame. Targets at the 38.2 Fib Retrenchment with stops being at the 1.272 Extension of the X-A leg.
Bearish Butterfly Pattern AUD/CADBearish Butterfly at 78.6 retracement and AB = CD 1.272
Sitting on the 61.8 of the down trend.
Butterfly Setup H4This is a butterfly setup that I have spotted on the H4 timeframe on GBP/USD. Its a solid retracement before going downwards. Lets see how this trade plays out. Should reach around .382 retracement and hopefully even reach 0.5 if we can get lucky.
AUDNZD - Weekly Butterfly Long AudNzd - Leg CD , target 1.2100 (Weekly)
Inverse head and shoulders = Daily - measured target 1.2200
4 hourly = double bottom
Feb Live Cattle Held February Live Cattle showed weakness early and ended the day in a bullish cross. Looking for more upside tomorrow and through the week to move towards 116. Still believe that the Elliot Wave is still intact.
#EURUSD Multiple Patterns(Bat,Cypher,Butterfly) Pick Your Choice#EURUSD Multiple Patterns(Bat,Cypher,Butterfly) Pick Your Choice
Yellow Bat Pattern Trade is already Active
USDCAD Bearish ButterflyHi 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
Bullish Butterfly on support areaI 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 might raise my T/P and S/L accordingly
EUR/GBP H4 - Short setup - Bearish B-FlyWaiting for reversal bar pattern inside PRZ.
- Bearish divergence is present.
- Double top formation.
- Channel resistance
AUDUSD Bullish Butterfly Completion At Key ZonePrice 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.
Harmonic Patterns ratio and examplesHi,
Above, some harmonic patterns that i often look for (bullish ones)
These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion.
If the point D occurs with some divergence on classic oscillators (RSI / Macd, Sto), on a bottom (or top, if pattern is bearish) of a trendline / channel, previous support/resistance levels, supply/demand zone...then there are good probabilities to see price react on the completion of the pattern.
There are plenty of patterns, but this selection, from my side, is a good start for those who want to learn harmonic pattern.
Below some examples that have worked nicely (this don't work each time, this would be too easy ;)
Earnings pushed Amazon to complete bearish ButterflyLast 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 broadening weekly pattern.
Then.. if $AMZN will decline lower, it'll pave the way to deeper retracement levels like 500$ and 450$ and it will create a weekly False Breakout to the weekly pattern
Tomer, themarketzone.net
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