USDJPY - Bearish ButterflyHere we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion.
I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe.
The second target has a more than 2:1 ratio.
Let's see how this trade roll out.
Butterfly
AUDCAD - Bearish ButterflyA Bearish Butterfly has formed on the AUDCAD chart, if you are an aggressive trader, you may consider engaging it.
Butterfly Pattern is 1 of the most misunderstood level. Many traders are confused about its completion level and have been guessing the stop-loss level.
If you are one of those people, don't trade the Butterfly Pattern until you got the right mentor.
XOM Shorting Opportunity?Hello Everyone. I wanted to give you guys and girls a heads up on XOM. I'll Like to share what I'm seeing. Lets start with the euphoric sentiment around the energy sector. As you may know there's a lot of bulls right now calling for oil to keep going up and along with it, energy stocks. When I hear euphoric chatter around a sector or a particular stock, I like to do the opposite of what people are saying. In other words when there are too many bulls, red flags and bells should be going off in your head. With that being said. Here are my thoughts on XOM: 1) The sentiment is too bullish, 2) A lot of good news coming out lately i.e stock buy back announcement recently, which gets the bulls more euphoric and 3) The technicals are pointing to a significant reversal very soon. I illustrated above 2 factors that gives me high confidence of being right. 1) The near completion of wave 5 of the 1st leg imo. Yes I believe XOM will go MUCH higher long term but 1st a major pull back and with this pull back many of the bullish sentiment will be CRUSHED and that will be an opportunity to go long XOM again. And the final factor is a bearish Butterfly harmonic pattern which it happens to align with the final wave 5 of leg of 1. With that being said, Please keep in mind I'm only sharing what I'm doing, I'm not a financial advisor and I'm not telling you what to do. Good luck everyone!
BTCUSD BEARISH BUTTERFLY Short Opportunity Targets
BITTREX:BTCUSD
There is a potential short opportunity for BTCUSD, we can see that there is a `Bearish Butterfly` forming.
The first target of 35.5 K is inline with 0.618 level of the larger leg up. Breaking that will start a further downfall towards previous lows or even lower.
The bearish butterfly marks the test of the upper trendline for the descending broadening wedge.
If BTCUSD reverses from around 31k it would have another go at the falling trendline before retesting the lower trendline and perhaps break it this time. However even after that it is likely for BTCUSD to retest the upper trend line and form an elongated accumulation area along 38 to 32k before going on its next run.
Harmonics trade setup on FLOW with multiple confirmationsTrade setup based off harmonics show a strong potential to upside, with a very strong return potential and a 400% return possible if the 4th target is hit. FLOW has shown green candles on the past 3 consecutive days after posting a bullish harmonic. Long term trade.
AUDUSD - Bearish Shark It might be too early to share the potential Bearish Shark Pattern that is currently in my data, but here you go. If you are looking for some combo, to jump in on the Bearish Flag Pattern on the Daily Chart or to be adventurous on the Bullish Butterfly on the 4-hourly chart, this is probably one of the better setup that give give you a ride downtown.
VIBHA | Bullish Harmonic Pattern | Entry Setup TF4HPrice Action & Chart Pattern Trading in ti
> Bullish Harmonic Butterfly and Deep Crab with reversal flag pattern
> Entry Zone @ Support flag
> Indicators| smart money entry | Banker Chip volume support | BBD banker signal turned green | positive FUND FLOW | KDJ divergence turning uptrend ribbon
Trading with affordable risk ratio: 3:1
Always respect your stoploss
UVAN | Bullish Butterfly | Rising Triangle | Pullback SetupPrice Action & Chart Pattern Trading
> Rising Triangle PULLBACK medium term trading setup
> Bullish Butterfly harmonic pattern
> RSI & MACD bullish signal above baseline
Trading with affordable risk ratio 4:1 for medium term
Always respect your stoploss
Good Luck