Bearish Butterfly
Trade Ideas Educator: GBPAUD ButterflyA trend trading opportunity setup once again on GBPAUD chart. The bearish Gartley has already in a valid state for a selling opportunity but I'm just not comfortable for such a strong bullish candle close before market close on Saturday. I would need more confirmation for this.
This trade decision will definitely be an epic 1 for me as it either is a great call for the "Great Escape" and walk out of the market unscathed or it will be the greatest miss in trading of my life.
Alternatively, I can always wait for the bearish Butterfly Pattern setup at a much higher price with a better reward:risk.
What's your call? Comment down below.
Head and Shoulder Daily pattern. Take the height of the head to the neckline and add the distance together to form the price target for a head and shoulders pattern. Both of the shoulders and head are as well H&S patterns on Shorter time frames.
The Support lines are possible rejections zones.
People make fun of me when I tell them I look mostly at 1 min charts. Especially when it comes to Bitfinex. or when I tell them, " All gaps must be filled, one way or another".
Time and time again on Bitfinex, youll see gaps varying throughout time frames ranging which about all have been filled.. The last known gap following the upwards trendline is on the 1 minute chart of Bitfinex slightly below where both trend lines intersect.
If you are shorting where we are currently standing I would highly suggest putting a tight stop loss.