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Bearish Butterfly

BTCUSD 11/02BTCUSD Monthly Update - November POI 2 Zone Current POI 3 Zone added Previous analysis The Hunt for Red October II - Valid ======================================================================================================== Caution, I only trade on a moderate trend basis on H4 D1 and sometimes W1 .. I am not chasing any small movement and I also dont easily change my point of view by giving a lot of charts just for recognition that show some weakness on my analysis. Only work smart and rest hard. I am also not responsible if there is a loss due to follow my analysis. but you need to know my success rate in trading is very high. Enjoy the Pips.. Dont forget to like and subscribe.
BITFINEX:BTCUSDShort
by nzhoenfx
AUD/USD What a rally?What about a rest?Record expansion in Australlia continues after data showed that australian economy grew by 0,3% the first quarter.Meanwhile AUD/USD is trading at 0,7550. Although it's rally,we can see that the australian dollar is ready for a ''digestive'' pull back after that rally forming a bearish advance pattern and goinh towards a resistance area. As we see at the chart we have two formations,an inverse head and shoulders and a bearish Butterfly pattern. The inverse head and shoulders pattern(red lines) is about to be broken as price is fighting it's neck line,if not we have a continuation of the downtrend. If price break the neck line then we are watching for the 1.27% Fibonacci Extension of XA leg of the bearish butterfly pattern and previous resistances to take a short trade. Short trade is favoring as the 200EMA is slightly bearish. We can also notice the downward red trendline which is broken and it propably going to act as a support in an upcoming pullback as it coincides with the 61.8% Fibonacci retracement of CD leg of the advanced pattern formation. Stochastics are in overbought area. POSSIBLE SHORT TRADE: FIRST TARGET T1 AT 0,7520 WITH 2.5 P/L SECOND TARGET AT 0,7460 WITH 4.5 P/L BUY STOP AT 0,7650 THANK YOU FOR SUPPORT! HAPPY TRADING!
Short
by The_Greek_Trader