Bearish Butterfly (D)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC before the move to the downside occurs.
Due to TV's subdomains for languages I have published copies of my ideas to each.
EU
Bullish Gartley (4H)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has managed to hit the first take profit level of the Gartley , continueing the bullish momentum beyond the entry level for the Daily Bearish Butterfly .
The strength of the bearish pressure at the 1.21226 entry level of the Butterfly has managed to hold price back from hitting TP2 of the Gartley .
Bullish Butterfly (D)The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC before the move to the downside occurs.
EURUSD 1HR MINOR CHANNEL TRAJECTORYOANDA:EURUSD
Hello traders we have a minor channel where EU had been traveling and making its way to the top of the channel where resistance was hit for a pullback.
We could experience some more downside, but with the current geopolitical environment nothing is clear cut and dry.
the charts allows us to focus more the price action and follow direction without having to worry about politics.
EURUSD Test of strong supply zone, psycho level, shorts in playHello,
we are currently testing the so-called the "line in the sand" for both buyers and sellers.
Defending the current levels will allow sellers to retest at least 1.1500 / 1450.
The breakout through 1,20 ( based on daily close ) opens : 1.2160 / 2250 and 1.2500.
As long as under 1.20, and everyone sells the dollar, the counter move can be a kind of solution, especially since there are technically grounds for it ...
Short 1.1970/2010
Stop above 1.2050
Purpose 1.1500 / 1450
Good luck
The Tradesy: Scaling in (3rd Entry)Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a third entry at the 50% retracement level.
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-
ENTRY 2:-
Bearish Butterfly Main Entry:-
The Tradesy: Scaling in (2nd Entry)Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a second entry at the 50% retracement level.
Following the same process as the initial entry I now have 2R profit secured with a full sized risk free position running.
The Holy Grail of Entry systemsThrough my research whilst studying Scott Carneys Harmonics methods I devised the 50% retracement system.
This system allows me to enter higher time frame patterns with considerably smaller stops.
Entering at the 50% retracement with a stop at the 25% allows me to create a risk free position by closing 50% at 2R (100%).
I carry out this system on the 1m time frame but due to TV rules on publication can only show it on the 15m time frame.
The 127% level on the chart shows the entry for the 4H Buttefly pattern.
Mt first entry became risk free and hit several targets before being stopped out. This can occur several times before the eventual move happens. Due to the risk free element, and the potential of such a large risk to reward, this is not an issue.