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Butterflypattren

Bullish Butterfly EURUSD DailyLooks like EURUSD is forming a Bullish Butterfly pattern as the Dollar strengthens across most pairs. I'm looking for the pair to continue decline into support around 1.0575-1.0675, consolidate and possibly dead cat bounce before proceeding towards the 1.05 range. I'm also looking for the 14-period RSI to enter oversold territory during this time, which I project may go through the end of November. I'm currently already short, having racked up ~300 pips. My current stop loss is about 150 pips trailing.
by thetradeWELL
(Update) !!! in close view (12h)in close view (12h) As you can see in the chart, after breaking the Triangle, the price fell to the support zone, and from now on, the price can follow the butterfly pattern and go up. Maybe... ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Bitcoin Analysis - What Shall we Expect !!!BINANCE:BTCUSDT As you can see in the chart, after breaking the Triangle, the price fell to the support zone, and from now on, the price can follow the butterfly pattern and go up. Maybe... ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
BTCUSDT: Why BITCOIN Remains Bullish and Its Next Potential MoveThe price of Bitcoin was in an ascending triangle and was able to break this pattern with strength, and it seems that Bitcoin can follow the butterfly pattern and reach the top of the megaphone. Another point of view previous analysis: ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
7
Bitcoin - Time to buy again!BINANCE:BTCUSDT Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone. Analysis Summary: Current Situation: Bitcoin is struggling to break the important $61,000 level. This level is crucial for further upward movement. Potential Scenarios: If Bitcoin successfully surpasses the $61,000 level, it could indicate a bullish trend continuation. Failure to break this level might lead to a consolidation phase or a potential bearish reversal, especially if it falls below the support level at $51K. Conclusion: The chart combines multiple technical analysis tools to provide a comprehensive view of Bitcoin’s potential price movements. Traders will be watching the $61,000 level closely, as breaking it could signal a strong bullish trend, while failing to do so might lead to a bearish scenario. Today we've reached 16K followers. 📈 We had 5 nice years providing Insights and analyses for you Guys, Thanks Trading view . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
16
Double Bearish Harmonics on SNAP (3H Timeframe) 🔍 Overview: Exciting setup on SNAP with two bearish harmonic patterns: Butterfly and Anti-Cypher. This double confirmation strengthens the bearish outlook! 📉 The RVOLD average is supporting the downward move, increasing alongside the red candles. 📊 📉 Chart Analysis: 1️⃣ The Butterfly and Anti-Cypher patterns are indicating potential reversals, with strong resistance around the $17.34 level. 2️⃣ The increasing RVOLD average supports the bearish sentiment, suggesting more sellers are stepping in. 📈 🎯 Trade Setup: Entry Point: Look for confirmations as the price approaches resistance. Target 1: $16.31 💰 Target 2: $16.19 💸 Stop Loss: $17.34 🚨 📝 Why I'm Interested: These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade. 📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻 #SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NYSE:SNAPShort
by TradeTalkFarsi
3
11/07/2024 - XAUUSD - Bearish Butterfly PatternAs of July 11th, 2024, XAU/USD (Gold) is forming a bearish butterfly pattern, indicating a potential downward movement. Here’s the trade plan: Trade Details: - Entry: Enter with SL above PRZ or on the breakout of the last HL - Stop Loss: Above PRZ Reason for Trade: The bearish butterfly pattern suggests a potential downward movement. Traders can enter with a stop loss above the Potential Reversal Zone (PRZ) or wait for a breakout of the last higher low (HL) to confirm the bearish trend. Traders should monitor the price action closely and adjust their positions accordingly to optimize potential profits and manage risks effectively.
OANDA:XAUUSDShort
by Unknown_Trader007
1
👑 XAUUSD GOLD KEY🗝️LEVELS TO WATCH 👀AND WHY🤔👋 Hello traders, and welcome! I trust everyone is having a fantastic trading week. Today, let's explore the dynamic world of gold together. I want to underscore my trading approach – decisions are grounded in current market data, steering clear of assumptions or speculative guesses about future price movements until patterns materialize and are confirmed. In this analysis, I'll delve into a potential emerging pattern on the gold chart. While it's not fully formed, understanding the potential possibilities is crucial. Let's specifically focus on the last two swings (AB and C) on both the 4-hour and daily charts. On the 1-day gold chart, we've identified bearish ABC patterns. Notably, point C aligns with the 61.8% golden Fibonacci ratio. The current price is trading below the entry level (EL) set at 2048.48, determined strategically using Fibonacci ratios. A breach of this ratio may signal a potential continuation to the next levels. In the hypothetical scenario of the price continuing lower, the next Fibonacci ratios to monitor are: 62% AB at 1982.79 79% AB at 1953.82 Let's shift our focus to the 4-hour chart to understand how we arrive at these prices. Using Fibonacci ratios as support and resistance levels, observing the rectangular channel on the H4 chart reveals a double top at the upper trendline breakout (2062.98) and a bounce between the lower trendline breakout (2016.50). The 38% AB support at 2023.14 aligns with the daily ABC pattern, forming a robust support zone. If the price breaks below these levels, potential targets can be extended using the high and low: 50%: 1988.23 100%: 1962.42 Zooming out for the big picture, while I'm not a fan of emerging patterns, the structure here suggests a potential butterfly pattern. Looking at the completion point D, we can project Fibonacci ratios using the XA swing. For the butterfly completion: 127% XA: 1874.27 162% XA: 1801.41 Alternatively, using the BC swing, ratios are 127% and 262%, pointing towards the 1800 price area. Remember, in trading, there's a style for everyone. Your trading approach defines whether you're long or short. Analyzing the long-term trend direction is crucial to avoid abrupt stops and ensure a successful trading future. This work has been accomplished thanks to my followers. Your support is invaluable, and this analysis wouldn't be possible without you. Please share your thoughts in the comments, let me know what you think, and if you support the idea. If you haven't already, follow to stay updated and not miss any future updates. May the pips be with you, and I wish you all a happy trading journey! Happy trading! TCPLTP Constantino
PEPPERSTONE:XAUUSDShort
by TradeChartPatternsLikeThePros
12
US30 : Butterfly Harmonic PatternCURRENCYCOM:US30 As you can see , beautiful , Butterfly harmonic pattern is done It's a bearish pattern , Market now after completion of D leg , now intent to do a 38.2 % retracement it's a pattern with 70 % accuracy , market now in overbought position you can take your short trades and target for 33205 area Trade properly with risk management , don't try to overtrade or do revenge trade Patience is key in this field , you should have steel nerves risk reward ratio 1;2 or 1;3 is ideal in intraday trading
UShort
by INVESTRONE
3
AUDCHF: Buy opportunityBased on technical analysis, it appears that the AUDCHF currency pair has potentially reached the end of a bearish trend that began on January 25th. A significant downward pressure was observed as the pair broke through key zones, and a recent breakout of the H4 support zone occurred yesterday at 0.62747, resulting in sellers driving the price down by 75 pips. At present, the pair seems to be technically oversold, with a harmonic reversal pattern known as a bullish butterfly identified on the H1 timeframe, supporting this perspective. This pattern may indicate either an end to the bearish run or an imminent trend reversal. As such, traders are advised to closely monitor price action around the levels of 0.62140 and 0.61773 for intra-day buy setups before entering into long positions. In the short-term, a price rally to 0.62733 is expected, followed by a potential rise to 0.63129 in the medium-term.
Long
by Samuel124
6