Bullish Butterfly (1H)Forming after the rejection off the Daily Bearish Butterfly entry, the Bullish Butterfly on the 1H time frame manged to hit TP1 off the intial reaction.
All the Harmonic patterns I trade require a minimum of an AB=CD pattern present in their structure to be valid.
The AB=CD of this Butterfly is represented by the Purple 100% line on the chart. When price retested the entry it managed to breach the AB=CD validating the Butterfly and then finding support at the exteme 261.8% BC projection of the pattern.
This retest formed the CD leg of the 4H Bullish Gartley.
EU
Bearish Butterfly (D)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC before the move to the downside occurs.
Due to TV's subdomains for languages I have published copies of my ideas to each.
Bullish Gartley (4H)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has managed to hit the first take profit level of the Gartley , continueing the bullish momentum beyond the entry level for the Daily Bearish Butterfly .
The strength of the bearish pressure at the 1.21226 entry level of the Butterfly has managed to hold price back from hitting TP2 of the Gartley .
Bullish Butterfly (D)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC before the move to the downside occurs.
EURUSD 1HR MINOR CHANNEL TRAJECTORYOANDA:EURUSD
Hello traders we have a minor channel where EU had been traveling and making its way to the top of the channel where resistance was hit for a pullback.
We could experience some more downside, but with the current geopolitical environment nothing is clear cut and dry.
the charts allows us to focus more the price action and follow direction without having to worry about politics.
EURUSD Test of strong supply zone, psycho level, shorts in playHello,
we are currently testing the so-called the "line in the sand" for both buyers and sellers.
Defending the current levels will allow sellers to retest at least 1.1500 / 1450.
The breakout through 1,20 ( based on daily close ) opens : 1.2160 / 2250 and 1.2500.
As long as under 1.20, and everyone sells the dollar, the counter move can be a kind of solution, especially since there are technically grounds for it ...
Short 1.1970/2010
Stop above 1.2050
Purpose 1.1500 / 1450
Good luck
The Tradesy: Scaling in (3rd Entry)Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a third entry at the 50% retracement level.
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-
ENTRY 2:-
Bearish Butterfly Main Entry:-