EOSE Long Bullish ButterflyEOSE has formed a bullish butterfly on the daily. Potential opportunity for trend reversal and good entry to go long
Butterfly
Butterfly Harmonic PatternTargets are mentioned and please do your own analysis before taking any type of trade and always manage your risk according to your portfolio.
LTC/USD MACRO BUTTERFLY HARMONIC PATTERNCRYPTOCAP:LTC on htf is printing an extended BUTTERFLY harmonic pattern that targets $186 area as the first take profit zone that alligns well with the 0.382 fib resistance level.
NZDUSD Bearish Momentum Expected from Anti-Butterfly PatternHarmonic Pattern Formation: Anti-Butterfly (XABCD)
NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame.
The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area.
Confluence with Trendline and Fibonacci Level:
The Anti-Butterfly pattern is accompanied by a trendline, adding confluence to the potential reversal zone.
Price has exhibited a strong rejection at a key resistance level and the 0.618 Fibonacci retracement level, indicating significant selling pressure.
Bearish Momentum Expected from Point D:
With the rejection at resistance and Fibonacci level, we anticipate a shift in momentum towards a bearish trend from Point D of the harmonic pattern.
Trade Setup:
Entry: 0.59215
Stop Loss: 0.59560
Profit Targets:
TP-1: 0.58867
TP-2: 0.58525
TP-3: 0.58175
Rationale:
The entry point aligns with the anticipated reversal from Point D of the harmonic pattern, offering a favorable risk-reward ratio.
The stop loss is placed above the recent swing high to mitigate potential losses in case of a reversal.
Profit targets are set at key support levels based on previous price action and Fibonacci extensions.
Risk Management:
Maintain proper position sizing to limit exposure to potential losses.
Regularly monitor the trade for any signs of invalidation or early exit signals.
Disclaimer:
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.
EURUSD Bearish Butterfly Pattern Formation @ 4-Hour TimeframeEURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level.
Trendline Analysis:
Additionally, there is a trendline that intersects with the completion point of the Butterfly pattern. This trendline further reinforces the potential resistance at Point D and suggests a strong level of selling pressure.
Bearish Momentum Expected:
Based on the formation of the Butterfly Harmonic Pattern and the confluence with the trendline resistance, we anticipate a shift in momentum towards the downside. This suggests a bearish outlook for EURUSD.
Entry, Stop Loss, and Take Profit Levels:
Entry: We recommend taking a short position at 1.06800, which aligns with the anticipated reversal point (Point D) of the Butterfly pattern and the resistance level.
Stop Loss: To manage risk, a stop loss should be placed at 1.07180, just above the recent swing high. This level provides a buffer against potential market volatility while allowing room for the trade to develop.
Take Profit Targets:
We have identified two take profit levels:
TP-1: Set the first take profit target at 1.06400. This level corresponds to a significant support area and offers a reasonable profit target based on the expected bearish momentum.
TP-2: The second take profit target is set at 1.06025, aiming for a deeper retracement. This level aligns with a previous swing low and provides a more ambitious target for profit-taking.
Conclusion:
In conclusion, the EURUSD pair is exhibiting signs of a potential bearish reversal as it forms a Butterfly Harmonic Pattern along with a trendline resistance on the 4-hour timeframe. Traders may consider short positions with an entry at 1.06800, a stop loss at 1.07180, and take profit targets at 1.06400 and 1.06025. It's essential to monitor price action closely and adjust positions accordingly as the trade develops.
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation:
SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes.
Trendline Confirmation:
The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal.
Key Support and Fibonacci Level:
Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders.
Trade Setup:
- Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels.
- Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles.
Profit Targets:
- TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits.
- TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach.
- TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly.
Conclusion:
Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
GILT about to reversal!It seems it is a time for reversal of $NASDAQ:GILT.
A nearly prefect bullish butterflies harmonic patter is observed at 5.28$.
The stochastic is in oversold region.
NASDAQ:GILT already tested this resistance 3 times from October 2022.
My stop loss will be at around 5.12.
First price target around 6.20 at 200 MA which is on Fib 0.5 and second price target at around 6,70.
Good luck to all
GBP/CAD Harmonic Pattern Signals Bearish OpportunityOverview:
GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement.
Entry Strategy:
A prudent entry point for this trade is near 1.72840. This level aligns with the anticipated reversal point, providing an optimal entry opportunity for traders seeking to capitalize on the projected Bearish momentum.
Stop Loss Placement:
To mitigate potential risks associated with adverse price movements, it is advisable to place a Stop Loss order near 1.72480. This strategically positioned Stop Loss serves to safeguard against unexpected market fluctuations while allowing for ample room for the trade to unfold in alignment with the projected analysis.
Take Profit Targets:
1. TP-1: 1.71175
2. TP-2: 1.70525
3. TP-3: 1.69869
Conclusion:
In conclusion, the technical analysis of GBP/CAD suggests a compelling Bearish trading opportunity, characterized by the formation of an Anti-Butterfly XABCD harmonic pattern and proximity to key Resistance levels. By adhering to the outlined entry, stop loss, and take profit strategies, traders can effectively navigate the market dynamics and capitalize on the anticipated Bearish movement with confidence and precision.
📈 Bullish Butterfly spotted on NASDAQ! 🦋 Bulls set to dominateExciting news for traders as a bullish Butterfly pattern emerges on NASDAQ 📊🔍. This pattern, known for its predictive power in forecasting bullish reversals 📈, suggests a potential uptrend in the market.
The Butterfly pattern consists of specific Fibonacci ratios between price swings, indicating a strong probability of a bullish reversal. Traders are anticipating a surge in buying pressure as the pattern unfolds 📈💪.
Key to this pattern are four distinctive points: the initial downward leg, a corrective retracement, an extension leg, and a final upward reversal leg. As price action approaches the projected reversal point 🎯, traders are gearing up for potential gains.
Factors such as market sentiment, economic indicators, and company earnings will influence the pattern's confirmation and subsequent market movement 🌐💼. Traders are combining technical analysis with fundamental insights to maximize profit potential.
Get ready for bullish momentum! Traders equipped with a comprehensive understanding of harmonic patterns and market dynamics are poised to capitalize on the potential uptrend in NASDAQ 🚀💰.
BULLISH BUTTERFLY (113) HARMONIC PATTERN ON DXYDXy is printing the final leg(CD) of a bullish BUTTERFLY113 harmonic pattern.
The butterfly 113 pattern completes at 113XD which is around the (98.0-98.6)support zone.
On ltf DXY has some bearish run downside until the support zone is reached.
GBPNZD Anticipating Bearish Momentum with Harmonic PatternGBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity.
Pattern Identification:
The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with Point D coinciding with a critical resistance level and the 0.618 Fibonacci retracement level. This convergence enhances the significance of the pattern, signaling a potential reversal point.
Entry and Stop Loss Strategy:
A prudent entry point is identified at 2.10644, aligning with the anticipated reversal from Point D. To mitigate risk, a stop loss is recommended at 2.10892, providing a safeguard against adverse price movements.
Take Profit Targets:
Several take profit levels are proposed to capitalize on the anticipated bearish momentum:
TP-1: 2.10430
TP-2: 2.10165
TP-3: 2.09936
TP-4: 2.09692
Rationale:
The selection of take profit levels is based on technical analysis principles, incorporating support levels and projected price movements. These targets aim to capture potential price retracements and maximize profit potential within the anticipated bearish trend.
Risk Management:
Effective risk management is imperative in forex trading. By adhering to the specified entry and stop loss levels, traders can maintain discipline and mitigate potential losses. Additionally, monitoring price action and adjusting stop losses accordingly can further enhance risk management strategies.
Conclusion:
In conclusion, the technical analysis of GBPNZD suggests a favorable opportunity for short positions based on the emerging Anti-Butterfly Harmonic Pattern. With strategic entry and exit points, along with comprehensive risk management, traders can optimize their trading approach and potentially capitalize on the projected bearish momentum.
This analysis is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consult with a qualified financial advisor before making any trading decisions.
AUDCHF - Capture Bullish Opportunity with Anti-Butterfly PatternTrend Analysis:
AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias.
Fibonacci Retracement:
A retracement to the 0.786 Fibonacci level has been observed, signaling a temporary pullback within the overarching bullish trend. This retracement was met with upward rejection, indicating robust buying pressure at this level.
Harmonic Pattern:
The AUDCHF pair has formed an Anti-Butterfly Harmonic pattern (XABCD), suggesting a potential reversal and continuation of the bullish momentum. Point D of the pattern serves as a significant turning point, indicating a high probability of a bullish move.
Trade Setup:
Based on the technical analysis, a prudent entry point is near 0.59175, aligning with the anticipated bullish momentum. A stop-loss order should be placed near 0.58852 to mitigate potential downside risk.
Profit Targets:
The first profit target (TP-1) is set at 0.59529, representing a conservative price level where partial profits can be taken. The second profit target (TP-2) is positioned at 0.59862, capturing additional upside potential as the bullish trend unfolds.
Conclusion:
In conclusion, the technical analysis suggests a favorable opportunity for a bullish trade setup in the AUDCHF currency pair. Traders are advised to closely monitor price action around the specified entry, stop loss, and profit target levels to capitalize on the anticipated bullish move effectively. As always, risk management remains paramount in executing successful trades.
CAD/CHF - Bullish Reversal Potential following Anti-ButterflyIntroduction:
CAD/CHF has recently formed an Anti-Butterfly XABCD harmonic pattern, indicating a potential bullish reversal. This technical analysis aims to provide insights into potential entry and exit points for traders interested in capitalizing on this pattern.
Pattern Formation:
The Anti-Butterfly XABCD pattern on CAD/CHF suggests a reversal in the prevailing downtrend. This pattern typically consists of four distinct price swings, labeled X, A, B, and C, followed by a potential reversal at point D.
Key Levels and Entry Points:
Based on the identified pattern, traders may consider entering the market near 0.66560. This level aligns with the anticipated bullish move from point D of the harmonic pattern. However, prudent risk management dictates placing a Stop Loss near 0.66156 to mitigate potential downside risk.
Profit Targets:
Traders can set multiple profit targets to capitalize on the expected bullish momentum. The first profit target (TP-1) is set at 0.66950, aiming to capture the initial upward momentum. Subsequent profit targets include TP-2 at 0.67340 and TP-3 at 0.67735, reflecting further potential upside potential as the bullish move unfolds.
Risk Management:
It's essential for traders to adhere to proper risk management principles, including setting appropriate stop-loss levels and position sizing based on individual risk tolerance and trading objectives.
Conclusion:
In summary, the formation of the Anti-Butterfly XABCD harmonic pattern on CAD/CHF suggests a bullish reversal scenario. Traders may consider entering the market near 0.66560, with a stop loss at 0.66156, and targeting profit levels at 0.66950, 0.67340, and 0.67735. However, as with any trading strategy, prudent risk management is crucial to navigating market fluctuations effectively.
Liquity (LQTY) completed a setup for upto 27% pumpHi dear friends, hope you are well and welcome to the new trade setup of Liquity (LQTY) with US Dollar pair.
Recently we caught almost 13% pump of LQTY as below:
Now on a 4-hr time frame, LQTY has formed a bullish Butterfly move for the next price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XAUUSD (Golod) Update....
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
GBPUSD Update: Potential Bearish Flag Trading Setup IdentifiedTrade Setup:
- Entry: Sell at retest of trendline
- Target: Extended towards Bullish Butterfly Pattern completion zone
- Trade Management: Utilizing upsize trade strategy
Analysis:
While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible continuation of the bearish trend. I'm waiting for a retest on the trendline to execute a short position on GBPUSD. Using my trade management system, I plan to implement an upsize trade strategy to extend the target towards the completion zone of the Bullish Butterfly Pattern.
Trade Management:
- Upsize Trades: Leveraging trade management system for increased position size.
- Entry: Selling at the retest of the trendline.
- Targets: Extending targets towards the completion zone of the Bullish Butterfly Pattern.
Risk Management:
- Prioritize risk management to safeguard capital.
- Adjust position sizes according to risk tolerance and trading strategy.
Your Thoughts?
Do you also see potential for a Bearish Flag setup on GBPUSD? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
EURUSD Update: Shorting Opportunity IdentifiedTrade Setup:
- Entry: Sell at 1.0797 (Retest Level)
- Target: Extended towards potential Bullish Harmonic Patterns setup
- Risk Management: Implementing trade management system for upsized trades
Analysis:
While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting opportunity using a trade management system. I'm looking to short EURUSD upon another retest at 1.0797, aiming to extend my targets towards potential Bullish Harmonic Patterns setup.
Trade Management:
- Upsized Trades: Stretching Final Target to next pattern completion.
- Entry: Selling at the retest level of 1.0797.
- Targets: Extending targets beyond traditional levels towards potential Harmonic Patterns setup.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Do you also see a shorting opportunity on EURUSD? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
SPX500 - Completing a multi year pattern FOREXCOM:SPX500 After this big run up from October last year we are getting close to some serious headwinds. The major ABCD Pattern comes in a little higher around the 5220 area where there are multiple smaller TF patterns completing. I will post them after to show target areas.
This ties in with the DXY completing an ABCD rally. If that turns lower then this run might continue a bit longer.
Friday after a bearish Thursday is generally Bullish so watch thos key levels around 5220 later this evening.
A break of yesterdays lows will open up the possibility of more weakness and a deeper correction..
Enjoy the day.
XAUUSD - Pullback before another new high??FOREXCOM:XAUUSD had a fairly decent rally last week running into the 1.27% extension Butterfly level of 2192.
Now i'm looking for a retracement to Buy looking for the next move higher towards 2250 where we have 2 1.618% EXT levels to watch.
Wednesday we do have the US Interest Rate decision which will move the market some more, so until then there might be some consolidation.
Larger and smaller TF charts to follow.
Enjoy the week.
Ethereum H1 roadmap As long as the price is below 3680, the three areas of 3340, 3250 and 3133 will be reversal areas in which we will have a bullish correction. The SL of each station should be taken as 0.5%.
If the price reaches 3048, the analysis will be expired.
The ultimate goal of this position will be 4080 and hold for higher areas.
Be a holder in BINANCE:ETHUSDT
TRXUSDT: Hanging Man at the PCZ of a Bearish ButterflyTron has confirmed a Hanging Man just above the PCZ of a Bearish Butterfly, it starts to play out I think it will come back down to meet the trend line at the 61.8% retrace as the current move above trend also happens to be a bit overextended.
AUDCHFUpon analyzing the 30-minute timeframe and with the formation of a Butterfly pattern, we expect the price to move towards the resistance zone at 0.5884, followed by a corrective movement towards the support level at 0.58716.
Harmonic pattern for PARA. It seems that NASDAQ:PARA is ready to fly.
A harmonic pattern is observed on the daily chart and double bottom at around 10.25.
The sentiments around the PARA is positive as traders waiting for a deal for take over.
The awesome indicator is also showing a bullish trend.
First target price is 14.73 and second target price is at around 17.36.
I put the stop loss at 9.90.
Good luck to all longs
NASDAQ:PARA
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