a butterfly trap in a cage LOL my bullish buttefly set-up
We're in the zone of a Bull Gartley completion which may or may not work out. Regardless, all signs point to continued shorting possibly after brief retracing! Looking for buy signals when the Bull Bat completes before going long... 250+ pips to downside...Good Luck!!! KEEP THE RADARS UP!!!
Upcoming long opportunity that could go much higher with an upper break of this flag channel! 40+ pips to the upside...Good Luck!!! KEEP THE RADARS UP!!!
AUDUSD is nearing the PRZ of a cluster of bullish patterns. A large bullish bat contains a bullish butterfly in its D leg. In the PRZ of these two patterns, a bullish Wolfe wave setup has been completed. A D1 trendline sits at the base of the PRZ and may act as support when price reaches this area. To add to the bullish bias, two unhit pivots sit above price....
As shown, we have 2 patterns terminating at the same general area! Let's see how it plays out... 250+ pips to long target...good luck!!! KEEP THE RADARS UP!!!
GBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD. 5 Reasons to Buy: 1. Bullish Gartley pattern completion 2. Bullish crab...
EURAUD has entered the PRZ of a bullish butterfly pattern. A strong trendline will provide support at the entry. A missed pivot cluster lies above price around .618CD which provides a target with a large R/R. SL is placed below S/R. Confluence in the PRZ: Bullish butterfly pattern completion Long term trendline support 1.27AB=CD 1.618BC projection ...
Looking for bullish activity in the red zone! 200+ pips to target KEEP THE RADARS UP!!!
USDCAD may potentially be completing a bullish butterfly pattern at a key support trendline that dates back to May, 2015. At the butterfly completion point, there are three key levels that are precisely confluent: 1.272XA, 2.24BC, and 1.5AB=CD. To add to the bullish bias, MACD and momentum divergence are present on the 1HR TF and an unhit daily pivot sits...
EURNZD is completing a conglomerate of potential harmonic patterns to produce a highly confluent kill zone. In addition to a host of pattern completions, there is added support from a long term trendline and another strong S/R area further below price. SL is placed below the S/R area and targets placed at the .382 and .614 retracement of CD. Confluence in...
GBPAUD is in a bullish trend in an ascending channel and it looks like we have the potential for 2 different bat patterns or a butterfly. If the bullish bat (in black behind the blue butterfly) completes, we're looking at entry around the 1.8930s. The next level of support below the impulse leg (XA) is right around 1.8700 so we might see the market test that...
I don't often go to the 1hr time frame, but I'm hunting around for a better long entry on a retracement. This is just something to keep on the radar for the time being. A move above 'C' will invalidate this pattern, and really both 'C' and 'B' are ever so slightly not "perfect" (see below). On the whole this looks to be a well formed pattern. This would be a long...