Butterfly
Potential Butterfly GBPNZD - I'm looking two reversal trades from this pair, one smaller scalp from the X point (Weekly high after liquidity is taken out and the other at the D point at the completion of the butterfly)
There's a very strong OB in this zone and last time price reacted very strongly to it, so that zone is definitely worth setting your alarms for!
Whats your thoughts?
Butterfly Almost Complete Butterfly completes on the 200EMA, strong support and and order block, I'm going to wait for price to reach this level and wait for the reaction but this is looking like a 100% short, especially looking at the HTF PA! Then targets would be the D point of the Crab which also land down in a strong support zone in January before more rejection!
Butterfly Landing On the 1.3600GBPUSD, Butterfly D point lands directly on the 1.36000, I'm going to watch priceaction once it reaches this level and look for possible reversals/shorts down to the D point of the higher TF crab which also lands inside a heavy resistsance zone from January.
Whats your thoughts?
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Forecast (Bat & Butterfly)US30 - This is where I see price heading... (Sorry about the slightly messy chart)
First up to the first c point of the blue bat (Theres a large imbalance on the HTF here) along with a nice OB, then from there a nice drop to the D point which is the C point of the potential butterfly (Along with support and a LTF imbalance) then bounce from there! But let's watch price and see what happens! 😃
Whats your thoughts?
Butterfly@1.272XAHello again people, here we have a beautiful Bearish Butterfly Pattern In Formation,
the price is bout 80% to complete the PRZ and test the starting test the PRZ,
stay tune!
What I'm expecting here, the price should cross the resistance line making a false breakout and
complete the Butterfly, after that it should fall down!
Rules:
1. Harmonic Patterns Completion " Butterfly@1.127XA " - 80%;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" So do not throw away your confidence; it will
be richly rewarded. You need to persevere so that
when you have done the will of God, you
will receive hat he has promised ".