Butterfly
Potansial Bearish Butterfly PatternEarl in the Day, I published a analyze which is short-term bearish. In that analyze, There is raising wedge and that target iş 32-33k area. After that price going into a falling triangle. Triangle target is 87k area. All of that target giriş us a bearish butterfly. I try to see this to you in that chart. By the way İn that chart ( binance future) the butterfly fits perfectly.
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?