GBPJPY - Bearish Butterfly 🦋GBPJPY near to prz of bearish butterfly , weekly supply overhead , looks tough job for more upside move. Targets marked on chart...
Bearish Butterfly
USDCAD - Bearish ButterflyA bearish butterfly has just setup on the 1-hourly chart. This Harmonic Pattern usually will create a V-Top and hardly retest. However, I'm not staying up till 0200(+8GMT) or 21:00(UTC+3), the call is yours, I'll access this tomorrow.
3X BTC Bear Token Looks Ready To Make High Percentage MovesBTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum.
The weekly for this 3X Bear Token also looks to be showing a Bullish Pinbar if it manages to close the day and thus the week the way it is now.
Overall i think the it has the potential to go back to the 1 cent area.
Bearish Logscale Butterfly with Buyer Exhaustion on Daily RSIThe RSI looks exhausted as BTC continues to try making higher highs and the MACD looks ready to rollover.
There is also confluence with the Logscale 1.618 and the Linear 3.618 at these levels and i would not be surprised if we get a corrective pullback to the 20k area. If 20k doesn't hold then i will change my corrective pullback bias to a capitulative crash bias Aiming for 10-8k
EURUSD-Weekly Market Analysis-Apr21,Wk2EURUSD came a bit shy away from the Bearish Butterfly entry price at 1.1792 and because of that, the Harmonic Pattern may not form up. Should EURUSD retraces back up, I will watch closely at 1.1781-1.1792 for a shorting opportunity as a trend trading setup.
EURUSD-Weekly Market Analysis-Mar21,Wk3This is a valid Butterfly Pattern setup. You might ask why is that so? It's because the Stop-Loss wasn't triggered. It has also reached the 1st target.
At this moment I'm waiting for the market to retrace back to the black box for a type 2 bearish butterfly shorting opportunity, breaking and closing above 1.1989 will invalid the pattern.
EURUSD - Bearish ButterflyA Bearish Butterfly Pattern is about to form up. Later at 9.30 pm (+8GMT){about 4hours and 45mins}, there is an ECB press conference, will your trading decision get affected by that?
Well for me, it's likely that I'll hold back by the trading decision as this Press Conference is going to address a few issues.
Let's see if we can use trendline to catch onto the ride.
GBPJPY Short By NestingSky.comBearish Butterfly harmonic pattern formed on daily GBPJPY chart and you can go short here with targets set on chart Happy trading.
Nesting Sky.com
EURUSD-Weekly Market Analysis-Mar21,Wk1Congratulation to those who have shorted EURUSD on the Bearish Butterfly Pattern, if you have not engaged or looking for adding on to a shorting position, you can wait for a retest on the red trendline for a shorting opportunity. Wait for the candle close to ensure it doesn't break and close above would be wise.
EURJPY - Bearish ButterflyAt this moment the market is showing a Type2 Bearish Bat Pattern, Aggressive Trader can consider a shorting opportunity for the setup. The 1 thing you need to take note of is the trendline, once it reaches the trendline level, you have to shift stop to entry, that will prevent you from making unnecessary losses.
Conservative trader can wait out for confirmation, a bearish butterfly pattern is possible and it's looking to complete at 127.67.
Bearish Butterfly on DOTShort term target is between the .5 and .61 fib retracements. Good buy opportunity within that zone imo.
The Caterpillar That Became a Butterfly.We got a bearish Butterfly on Caterpillar looking like it's ready to come down we could enter now or wait for some bearish divergence either way I'd avoid longing from here and only consider short positions.
Bearish Butterfly Bearish Divergence Ascending Broadening Wedge.I think we'll see a pullback to atleast 10 dollars from here.
EURJPY - Bearish ButterflyAn emerging Bearish Butterfly completes at 126.92 which is near to the 127.00 price action level. I won't be too surprised if the market touches that level before heading towards the target level of the bearish butterfly level.
The projected level of the butterfly pattern is also the key level on the daily chart.
Bearish Butterfly PCZ Hit: Triple MACD Bearish Divergence.it's not looking very good for QQQ at the moment.
Now might be a good time to buy some SQQQ.
UJ potential opps bearish butterfly @m15bearish butterfly @m15
entry = 103.862
tp = 103.556
sl = 103.987
AUDUSD - Bearish ButterflyWhile it may be kinda early to see this as a Butterfly Pattern, it is good to know that there's a potential for that to happen. Having the Bearish Butterfly Pattern form up at 0.7700 it gives an additional selling pressure for the setup as price action traders will be attracted to engage this trading setup.
GBPJPY - Bearish ButterflyI know a lot of traders has these rules of not getting overexposed in a single currency, I am not against those thoughts, but you have to ask yourself if you are trading a fixed pair or you are free to choose what you feel like trading.
If you are trading a fixed pair, just like me, my take on this is, if the trade setup within your rules and not against the fundamental analysis then you have to take it.
You see in this trading setup we have a Bearish Butterfly that broke the previous high, previous structure or you may even call it a break and close above the previous structure, while GBPUSD(link at the bottom) has a Deep Gartley Pattern setup within the consolidation zone without break previous structure.
I'm waiting for candle confirmation to engage this counter-trend trade.
NZD/CAD - Bearish Butterfly - Harmonic PatternsNZDCAD Short Idea.
Formation of a butterfly pattern with a tight convergence on the Potential Reversal Zone (PRZ) levels.
PRZ converges with a rising resistance line.
On a 4 hour chart we can see a large engulfing candle with a MACD Divergence.
Stop Loss at 1.41 XA
Take Profit 1 at 38.2 AD
Take Profit 2 at 61.8 AD
Happy Trading!
