Possible LONG on this pair with Bullish Butterfly Confirmation
Updated
There is a possibility we have a bullish pattern forming to enable a LONG trade on this pair
Pattern/Structure suggests a small up-move before a continuation of downwards move.
Stochastic also suggests downwards move coming however RSI suggests the upwards move has yet to be completed. Harmonic pattern suggests a Bullish Butterfly has formed with a target at area 2.
Based on both structure and harmonics, a possible LONG trade target at area 1 and possibly area 2.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Pattern/Structure suggests a small up-move before a continuation of downwards move.
Stochastic also suggests downwards move coming however RSI suggests the upwards move has yet to be completed. Harmonic pattern suggests a Bullish Butterfly has formed with a target at area 2.
Based on both structure and harmonics, a possible LONG trade target at area 1 and possibly area 2.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Note
Targets #1 and #2 hit, with the Bullish Butterfly Pattern Confirmed!Just added Target#3 (which was hit - have missed it) but Target#4 is on it's way.
Disclaimer
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