BUTTERFLY BULL ON H1, H2 & H4 |HARMONIC + FUNDAMENTALS + TECHThis butterfly pattern seats in a pretty comfortable support and resistance zone with a somewhat visible ascending head and shoulder formation. So I have picked my entry points as you can see but remember to watch the fundamentals.
Here are the fundamental factors to keep in mind on Gold:
-Australian ANZ Job Advertisements
-Australian TD Securities Inflation
-Australian Inventories and Company Operating Profits
-Japanese Consumer Confidence
-US Factory Orders
-UK Markit/CIPS Construction PMI
-Eurozone Sentix Investor Confidence
-Eurozone PPI
Good Luck
Wanadigital
GOLDEN BUTTERFLY BEAR |DAILY| LONG & SHORTThis butterfly pattern seats amidst solid support and resistance levels but also there seems to be a tight squeeze that has been broken by bearish momentum.
My usual C point entry has been excused in this case but it could still pull through if the bearish momentum is short term. Time will tell.
Good Luck
BUTTERFLY BULL |H4| SHORT & LONG |HARMONIC + FUNDAMENTALS + TECHGBPAUD is bullish on H1, H4, D and W charts just like EURAUD. Technical analysis reveals a bullish butterfly pattern with some reliable potential reversal price levels based on support and resistance. However, it is important to do your own due diligence on the following fundamentals:
GBP: British Halifax House Price Index, British Industrial Production and British Manufacturing Production and British NIESR GDP Estimate.
AUD: Australian GDP, Australian Foreign Reserves.
Good Luck
POTENTIAL DOUBLE JACKPOT |H4| Short & LongWe have a clean down trend channel on the Daily chart and this lovely butterfly is flying within that channel, presenting a potential shorting opportunity. As is with my trading strategy, I never neglect a "C" point opportunity if I believe in the "D". Nonetheless, this is clearly a down trend setup and so you have to be careful with the C trade. Sometimes I catch the C and miss the D, sometimes I catch both and several times, I miss the D :)
Good Luck
Here is what I see on the Daily:
Always remember this quote "If you can't take a small loss, soon or later you will take the mother of all losses" :)
GARTLEY BULL AT DOUBLE TOP |H4| SHORT & LONGFX:JPN225 has been on my watchlist since last week after my mentor gave me a heads-up on it during a friendly chat :). My technicals revealed solid weekly and monthly resistance at the same levels hence prompting me to set my sell order at the monthly resistance level 22860.50 as you can see on my active "C" point trade. By then, the gartley pattern had not yet formed. After Friday's impulsive move, I was able to spot the gartley pattern and now you can have it.
Good Luck :)
BUTTERFLY BULL WITH SHORT OPPORTUNITY |H1This butterfly on FX:NZDUSD is flying within solid support and resistance levels presenting a potential sell opportunity in the short term and a long opportunity long term.
Take note of upcoming news events later today; GDP, FED SPEECH, CPCE and USD and Building Permits on NZD later tonight.
Good luck
MULTIPLE OPPURTUNITIES ON THE CHUNNEL |DAILY|This gartley bull brings with it a number of possibilities purely based on price action. We see solid support and resistance levels for both short and longterm potential opportunities. Long term, I technically see a downward move to 0.84104 in the next couple of months then potentially continue down to the 0.70000 levels. Short term, it's all about respecting price action -paying attention to fundamentals and of course, the Chunnel is currently bullish :)
Cheers!
BUTTERFLY BEAR | H1 & H4 | BUY & SELLIt's my beloved butterfly again presenting itself in the midst of solid support and resistance levels. I have no other choice than to Buy it at "C" and Sell it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :)
It has worked before and so I wouldn't be surprised if it worked again. As always, if I know how much I stand to lose if am wrong, then I have nothing to worry about :)
FX:GBPCHF
Happy Weekend and Good Luck trading next week.
BUTTERFLY BULL | D | SHORT & LONGIt's my beloved butterfly again presenting itself in the midst of solid support and resistance levels on FX:XAGUSD . I Short it at "C" and Buy it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :)
FX:XAGUSD
Good Luck.
2 BUTTERFLIES WITH SHORT AND LONG OPPORTUNITIES |H4These 2 lovely bull and bear butterflies have just been born and they are flying within some well established support and resistance levels.
Take note of upcoming news events on the Euro: HICP, CPI, Retail Sales, GDP, Unemployment, Speeches, ETC.
Good Luck
PONTENTIAL CONFIRMED ENTRY LEVELS|H4 & DAILY|LONG & SHORTFX:EURUSD is currently bullish on H1, H4 and Daily charts. It hasn't been doing well with harmonic patterns lately and I find it more profitable with support and resistance at certain levels after doing some more back testing :)
Fundamentals also seem to favor bullish movement, hence my decision to go long now and short above 1.20000.
Lets give this set up a test run and see what it delivers. I am already long putting 100pips on the line to make over 200pips :)
Good Luck
BUTTERFLY BEAR | H4 (LONG & SHORT)We have a perfect butterfly pattern on FX:GBPCAD but the current price level is the H4 and Weekly resistance zone, hence its an important level. Nonetheless, if we break above it, then next stop is the C point, which is seating at a very comfortable Daily resistance level :) As usual, am selling it at C and buying it at D (it might take a while before we get to D but a pending order will not decompose..hehehe).
Good Luck.
POTENTIAL S&P 500 is in a clear rising trend, but is now testing the ceiling of the uptrend channel. This may give a reaction down, while a continued rise within the trend channel may be expected for the longer term. The index has support at points 2400.
RSI diverges negatively against the price, which indicates a danger for a reaction down. So, technically the index is slightly positive for the medium long term but it may deliver on our lovely butterfly. :)
Always remember this: "If you can't take a small loss, soon or later you will take the mother of all losses" :)
Good Luck
GARTLEY BEAR |H4| LONG & SHORTA potential double reward on this Hartley.
FX:AUDNZD is currently in a downtrend, which offers additional confidence on both C and D entries. C is already running and hopefully D will also trigger soon and give us a nice over 100pips to recoup our recent losses :).
Here is how the weekly looks like:
Good Luck
BUTTERFLY BEAR |H4| LONG & SHORTIt's my beloved butterfly again presenting itself in the midst of solid support and resistance levels. I have no other choice than to Buy it at "C" and Sell it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :)
FX:USDCHF
Happy Weekend and Good Luck trading next week.
BUTTERFLY BULL | H4| SELL & BUYFX:GBPCHF
A bigger butterfly pattern on H4 presents a new opportunity for a potential buy in the near future. The "C" point coincides with that of the baby butterfly seating in the same resistance zone on Daily, Weekly and Monthly charts , hence a good confirmation for a short entry. Nonetheless, the official entry point for this pattern is the "D" point - so don't get caught-up in a bloody "C" point trade if you got no balls :)
Cheers and Happy Trading :)
BUTTERFLY BEAR | H1 | BUY & SELLThis pretty butterfly has manifested with some good prospects of a double jackpot. I have no other choice than to Buy it at "C" and Sell it at "D". Remember, "C" point trades are not in the official trading rule-book, but mine allows bending the rules :)
It has worked before and so I wouldn't be surprised if it worked again. As always, if I know how much I stand to lose if am wrong, then I have nothing to worry about :)