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Butterfly

IOTA: Bullish Butterfly RSI Bullish Divergence (Final Fib Level)IOTA is currently sitting at the 1.272 PCZ of a Bullish Butterfly and this 1.272 extension happens to be the last positive Fibonacci Extension on the linear scale, meaning that this is probably the least risky area possible to buy IOTA and perhaps aim for much higher levels, even as high as 1–2 dollars. Given how tight the entry and price action are, I think as long as it holds above 15 cents, we could see it go for some major Bullish targets.
Long
by RizeSenpai
1
Shorting Opportunity🔍📊 Current Market Overview: I'm closely monitoring the EURUSD pair for a potential shorting opportunity on the higher timeframe. However, at the moment, two buying opportunities have emerged, which deserve our attention. Let's dive into the details: 🦋 Bullish Butterfly Pattern: On the daily chart, we have identified a Bullish Butterfly Pattern with completion anticipated at 1.0355. This pattern suggests a potential buying opportunity, indicating a reversal in the price action. It's crucial to keep a close eye on the price as it approaches this level. 🦈 Bullish Shark Pattern: Another interesting development is the Bullish Shark Pattern observed on the 4-hourly chart. This pattern is expected to complete around 1.0764, signalling a potential buying opportunity. However, it's important to remember that these patterns occur in the context of a counter-trend trading strategy. 💼 Trading Strategy: Given the absence of a clear shorting opportunity, I will adopt a conservative approach and focus on the identified buying opportunities. I will set conservative targets for these trades while remaining vigilant for a suitable shorting opportunity to align with my overall strategy.
Long
by RaynLim
2
GBPAUD →Technical pullback, after which the growth will continueFX:GBPAUD forms a reversal pattern at the base and support of the lateral range of 1.86094. The implementation phase of the set-up leads to the strengthening of the currency pair to 1.88950. The technical pullback begins, which may reach the retest of SMA-200. The price is inside the range. From the support we see active price strengthening towards resistance. The strategy of trading inside the range is simple - it is worth to focus on the resistance and support of the flat. At the moment correction is forming, which may be directed towards 0.382 Fibo or to SMA-200, as we have an uptrend, these levels are the key for possible entry point. Support levels: 1.87738, SMA-200, 0.382 fibo Resistance levels: 1.88200, 1.89214 I expect the end of the technical pullback in the area of 1.87738-1.87450 with further strengthening of the currency pair to 1.89214 or to 1.90350. Sincerely R. Linda!
Long
by RLinda
15