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Butterflybull

AUDCAD LongToday I found a potential butterfly pattern on Aussie vs Canadian dollar. 0.875 is the price level I'm waiting for. In this place, we can also see FE 161.8 of Fibonacci extension and also 161.8 of external Fibonacci retracement. In my opinion that is enough confluence there to consider to open a long position. I would have 2 possible targets in this trade. First is on point X of the whole formation, that would be also 0.5 of Fibonacci retracement of potential CD wave. Second is on point B of this potential formation, and that is also the Fibonacci retracement level 0.618. Entry: 0.875 TP1: 0.884 TP2: 0.887 SL: 0.872 R/R1 = 1/3 R/R2 = 1/4
Long
by DK66
1
ICON - Soon 067$ ?!!Hi, We have a beautiful Butterfly pattern which started from February 6th, 2019 and ended to January 3rd, 2020. We reached our first target to the neckline (TARGET 1 at 50% Fibonacci). We should get a correction before going to our second target at ~0.45$ (TARGET 2 at 100% Fibonacci). I think we should hit our third and last target at ~0.67$ (TARGET 3 at 161.80% Fibonacci) before or during this spring 2020. Usually a Butterfly pattern hits 161.80% of the Fibonacci before a good correction (fill again our bags). Trade safe! Cheers, PS: it's not a Financial Advice.
Long
by Horus83
5
EURUSD H4: Bullish ButterflyOne of my favourite Harmonics Pattern other then the Bat Pattern. I actually took the Bat short last month at completion zone (about 1.1467) for this pair and now Butterfly is presenting another trading opportunity. That is why Harmonics Pattern is so powerful and easy to identify, perfect more traders who are newer to the scene. Look out for price if it goes lower to the 1.1219 - 1.1239 area where it is supported by the previous low and buyers' area. I am looking to place a pending order due to my trading style (I love to Set & Forget ^^). For more conservative and active traders, you might want to look out for reversal candles once price reaches the buy area and a confirmation signal/candle before making a move. Do like and share this post. Follow me if my trading style suits you as I will be updating on a more regular basis. We are a community committed to empower individuals to trade profitably and independently in the Forex Market. This is our latest Trade Ideas results for October. Subscribe to us and receive updates on more upcoming trades. forex100academy.com
Long
by TradeWithWayneYia
1
IOTA: Is 13,480% return even possible??The honest answer to that question is probably not.... so why did i make the video?? Asymetrical risk. Its possible if the pattern plays out, that price will go through D at 15 cents and goes down to 10 cents or 5 cents or 2 cents (this is not likely ONLY POSSIBLE!!!). If it does and it then goes up to where the pattern projection suggests is possible then you are looking at 1000's of % gain. *** WARNING *** THIS TRADE IS ONLY FOR A VERY SMALL AMOUNT OF YOUR CAPITAL!!!
BITFINEX:IOTUSDLong
by Gmanns777
CHFJPY BUTTERFLY BEAR |DAILY| SHORTThe CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry opportunity in order to potentially profit from the second part of the current move to the downside. Good Luck
Long
by UnknownUnicorn1118164