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Butterfly

Opportunities Abound!The Dollar Canada pair offers a chance to capitalize on a bit of consolidation after an uptrend movement. Upon examining the daily chart, there appears to be a retest of the previous resistance, indicating a favorable buying opportunity for counter-trend traders. The 4-hour chart shows a retest of the support area, which could potentially lead to a harmonic pattern on the intraday time frame, such as the 15-minute or 1-hour chart. On the weekly chart, the Dollar Canada has a fib-3 bat pattern completing at 1.2579, hitting its resistance level. For support-resistance traders, there is a candlestick confirmation over here, which could indicate an aggressive selling opportunity. However, due to the lack of other trading ideas support, this may not be an attractive option. The daily chart shows a bearish shark pattern that has already been validated and engaged in movement, hitting the support level. Structure based traders may want to look for a buying opportunity around this zone at 1.3508. The 4-hour chart has a retest of support at 1.3495, which is a zoomed-in version compared to the daily chart. On the 1-hour chart, support-resistance traders can look for a shorting opportunity on the mini buy zone over here at 1.3529 the immediate level. The 15-minute chart provides multiple trading opportunities, including a bullish bat pattern completing at 1.3506, a bearish deep gartley pattern completing at 1.3547, and a bullish butterfly pattern at 1.3478. These opportunities can be identified by those who know how to spot them. As a suggestion, a Bullish Bat Pattern completing at 1.3506 has an initial stop-loss at 1.3492 (-14pips) and a first target at 1.3516, yielding approximately +100usd/lot for +10pips. Should the market extend upwards, a Bearish Deep Gartley Pattern is looking to complete at 1.3547, with an initial stop-loss at 1.3559 (-12pips) and a first target at 1.3530, yielding approximately +170usd/lot for +17pips. Please note that this is not a trading advice, and it is recommended that you do your own analysis before making any investment decisions.
by RaynLim
#SYMPHONY #BAJAJELEC #CROMPTON #PGEL #WHIRLPOOL #IFBIND #NIFTY50#SYMPHONY NSE:SYMPHONY CMP: 929.20 TP: 1090 // 1175 SL: 868 TF: <6m RR > ~2.6 times Return > ~17% SYMPHONY BAJAJELEC BUTTERFLY CGPOWER CROMPTON PGEL WHIRLPOOL IFBIND STOVEKRAFT TTKPRESTIGE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:SYMPHONYLong
by Rachit_Sethia
SELL EURUSDFollowing the previous CPI report released yesterday and PPI today, the USD seems beaten out however we see the price of this pair at a very strong supply structure region presenting shorting opportunities, we have identified a bearish Harmonic Butterfly pattern hence waiting for a huge drop as price corrects to the 38.2 Fib relracement level, we also have an extremely overbought RSI reading (technically bleeding out). Dont forget your jumpsuit as you dive, we need you alive!!
Short
by eagle21
Sideway Consolidation, Perfect for Counter-Trend Traders!📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈 👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the one-hour chart shows a new low, great for shorting. 📈 Weekly potential shark pattern at 0.8704, and daily shark pattern at 0.8728, hint at a close-range longer-term buying opportunity. Don't miss the ABCD pattern on the left—amazing trading opportunities await! 🦋 Butterfly traders watch for completion at 0.8730 on the four-hour chart. Focus on repeated levels for the best returns. 💡Want to spot opportunities like a pro in just 15 mins a day? Scan the QR code and join our community of like-minded traders! 🔍 Different trading strategies point to the same level, making it a key focus for buying opportunities. But don't disregard shorting opportunities—be cautious around 0.8730. 📈 Follow me on my only account @raynlim for insightful analysis and updates. Let's trade smarter together! 💹📈
Long
by RaynLim
USDNOK: Confirmed Bullish Butterfly at Structural Demand LineUSDNOK is sitting at the Demand Line of an Overall Bearish Ascending Broadening Wedge Pattern that happens to align with the 1.272-1.618 PCZ of a Bullish Butterfly; along with that, we have PPO Confirmation, RSI BAMM, and a MACD Bullish Crossing. Given the scenario, I can see this trying to retrace up 50-88.6% of the Harmonic Range before coming back down and confirming a partial rise, after which we will then possibly have to look for opposing Bearish signals.
Long
by RizeSenpai
📉FETCH.AI --> 0.21$ then 0.18$ 📈BINANCE:FETUSDT COINBASE:FETUSD Hello Traders, please check out my previous ideas. If the price stabilizes above the red area, the short scenario won't be fulfilled. targets are on the chart. optimum stop-loss is above the 0.2561 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
4
Shorting Opportunity Alert on EUR/USD!🐻 Weekly Chart: The overall setup on EUR/USD points to a Weaker Bear trend. 📉 This means there's potential for downward movement in the coming weeks. ⏳ Patience is Key: While we wait for the perfect entry point, keep a close eye on the lower timeframes for a shorting opportunity. 🧐 📈 Lower Timeframes: Look for price action signals and confirmation on the lower timeframes to pinpoint the ideal entry point for your short trade. 🎯 📉 Set Your Stop-Loss: Always remember to set a proper stop-loss to manage risk effectively. 🛡️ 🚨 Stay Alert: Monitor the market closely and be ready to act when the right setup presents itself. 📊 Remember, trading requires discipline and patience. Wait for the right opportunity, and when it arises, execute your trade with confidence. 💪 Happy trading and best of luck! 🍀 Follow me @raynlim for more trading insights and updates. Let's capitalize on the market together! 🚀
Short
by RaynLim