Bearish Butterfly
#bitcoin bearish butterfly around 6800 resistanceBitcoin forming a bearish butterfly around the 6800 resistance.
USDJPY - Short - Bearish Butterfly w/ Terminal Price BarClear harmonic butterfly with fairly precise D point that aligns with important weekly close level that has acted as both support and resistance in the past.
Price running into the top of the cloud on the monthly chart and a flat kumo level on the monthly is also acting as resistance in the same area
Bearish RSI divergence and both OBV/RSI also facing heavy resistance
Terminal Price bar gives solid SL above 112.8
Initial targets of 110.75/109.4
Cloud is beginning to flatten which should act as a magnet and aligns well with my first target.
BEARISH BUTTERFLY ON USDJPYOn the 4hr chart USDJPY abearish butterfly has formed. The D leg had along stretch, this is agood opportunity to short this pair. Look for bearish evidence before trading, use proper money management. Cheers fam
USDCAD Bearish Butterfly and Short OpportunityAs described in the chart.
Note: Entry alert will be sent to Premium Members.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDNZD I SHS Pattern and Long OpportunityDescription: As seen in the H4 Chart Timeframe, AUDNZD completed a Bullish Inverted Head and Shoulders pattern as a reversal of the minor downtrend. Our targets are 1.08300 and 1.08900. If the trade works as predicted we will look for a short opportunity at D leg based on bearish harmonic butterfly pattern.
So our AUDNZD Trade Idea:
TRADE: LONG
ENRY: 1.07700
STOP: 1.06800
TAKE PROFIT 1: 1.08300
TAKE PROFIT 2: 1.08900
Good Luck
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Trade Ideas Positions: EURAUD H1, Bearish ButterflySpotted this setup and its valid. Already alerted my private group on this setup. Good luck traders.
6) EURAUD bearish butterfly on 4hr chartI will be updating EURAUD ideas. Follow me and check the related ideas below to learn more details.
XAG/USD - Bearish ButterflyWhat's up traders. Looking at another bearish position today, this time we have a butterfly formation on silver against the dollar.
The price of silver has been moving sidewards for over a year now and we are starting to see price become very compressed. The daily chart is sowing price being squeezed into a triangle formation (the high of which is set around the same area.
As you can see price has began to drop slightly although it didn't exactly hit our PRZ at the 1.272 extension. The reversal signal came in the form of a bearish engulfing candle- unfortunately the close of this candle was too low for me and had too great an impact on the pattern's risk:reward. Should price push back and re-test this area we should then be looking for an entry.
Again we will be using our 0.382 and 0.618 levels as our TP levels whilst keeping our risk:reward as close to 1:3 as possible.
Butterfly ratios are as follows:
B = 0.786
C = 0.382-0.886
D = 1.618-2.24
X to D = 1.272
BEARISH BUTTERFLY ON AUDCHFOn the 4hr chart AUDCHF a bearish butterfly has formed. Its a good point to short this pair. Any extension of the D leg is an opportunity to short more. Use proper money management. Look for bearish evidence before entry. Cheers
BEARISH BUTTERFLY ON USDCAD On USDCAD 4hr chart we see a bearish butterfly has formed. This is a good time to sell. Look for bearish evidence sell. Use proper money management. All the best
NZDCAD - Butterfly Pattern Completed on H1 ChartA bearish butterfly pattern has completed and reacted slightly, so I am a little late.
As such, I will wait for a pattern retest at the PRZ area.
R:R at 1.5(TP1) and 2.6 (TP2). Good luck.
Harmonics in Play - Why we fell w/ Key LevelsThe chart above shows a nearly perfect Bearish Butterfly that has been playing out.
I say nearly because the only place where it has fallen short is the D leg. Which based on the rules of the butterfly, should have completed itself right at 10k (based on BitMex charts).
However, IF the local top IS in, based on fractals of recent harmonics (see previous post) I have set a primary target of 8.8k or Target 2 on the chart above.
Since this harmonic has fallen short. I am in hopes of it heading back up to test 10k before making a full completion, or even possible breaking through.
Therefore we all must be on our toes in this zone.
Especially with it being the possible first Target of the harmonic.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BEARISH BUTTERFLY ON USD/CADOn the USD/CAD 4hr chart we see a bearish butterfly has formed. We expect price to fall from this high extension since the pair was ranging before this breakout. I believe the price is at a good point to go lower, good time to sell. Look for bearish evidence before taking this trade.
7) EURJPY bearish butterfly on 4hr chartFollow me and check the related ideas below to learn more potential trading opportunities of EURJPY.
I will be updating EURJPY ideas.
Good luck.
Bearish Butterfly On EurAud On the 4hr Chart, a bearish butterfly has formed. The D leg has completed its extensions. This looks like a good trade to take. Look for bearish evidence before taking this trade. Our targets are the 1.597 and the 1.568 area. Use proper money management. All the best
IOTA: Bearish Butterfly is setting upIOTA has had a really nice run up in price recently which has lead to it missing a number of central pivots (2 daily / 1 weekly) which lead me to take a closer look. When I did I saw that I dragged a fib and saw price react off the 78.6% level which looks to be like B in and ABCD of a Butterfly.
The Butterfly could turn at 1.272 or 1.618 extension, once price gets there I will be looking to short price back down to the missed weekly.
I will update once price is in the shorting zone.
USDCHF Sell Trading PlanReasons that may push USDCHF -0.01% down
Reason 1: Test of Resistance TL
Reason 2: D leg of Bearish ABCD pattern
Reason 3: D leg of Bearish Butterfly pattern
We just need some clear Sell signals on smaller TFs such as H1 or M30
Multiple Bearish Indications for BitcoinLowest ideal price target according to set up patterns,
Bearish Butterfly target: $7,300;
H&S, and Broadening wedge pattern target $7,400
Fibonacci 161.8% $7,500
Bearish Butterfly USDJPY 4HHi traders,
Bearish Butterfly on the USDJPY 4H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
For those of you who have little knowledge about harmonic patterns but wish to trade it (which is not recommended before you fully understand harmonic patterns):
.) They can extend, meaning, that the pattern appears but it might take time until price reverses.
.) They can extend and create a different pattern.
.) They can extend so far that the pattern becomes invalid.
Recommended profit targets are between 30 and 70 pips, depending on your own price action knowledge. This does not mean that more than 70 is not possible, but 30 to 70 pips is the average range.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care and trade safely.
Bearish Butterfly AUDJPY 4HHi traders,
Bearish Butterfly on the 4H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care,
Ray
eurusd-short (pattern based bearish butterfly seen)eurusd-short after completion of a pattern based bearish butterfly seen @tf=daily. not a reco as will be used for the FXSamurai task fulfillment..
