Harmonic Analysis - page 61
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Bullis butterfly usdcad h4 + rsi div + macd div + longterm supportBut should notify that kharmonics caleed it butterfly , but i found that BC~1.0AB than BC=0.886AB
I would call it tradable bullish butterfly/bullish crab.
GBPUSD M15 - Potential bearish bat.
I'm not quite sure if the 113 butterfly is valid because C exceeded 100 retracement of AB which I think it shouldn't. Anyways it seems like it worked. Did you take it? If so did you take profit at 23.6? What was your RR?
i dont know : yesterday nzdusd was so bullish !
today its calme around a longterm RT,and if no breakout occurs and nzdusd will give bearish signal trading eurnzd butterfly bullish pattern is a good oppurtunity
Yes,first TP would be 0.382 then change SL@0.286..the next one 0.618.
Waiting for the nzd bearish signal !
Waht are you using for determining reverse signals in a quick way ?
i dont know : yesterday nzdusd was so bullish ! today its calme around a longterm RT,and if no breakout occurs and nzdusd will give bearish signal trading eurnzd butterfly bullish pattern is a good oppurtunityYes,first TP would be 0.382 then change SL@0.286..the next one 0.618.Waiting for the nzd bearish signal !Waht are you using for determining reverse signals in a quick way ?
What prompted you to change target from 38.2 to 23.6? (you said 28.6, do you mean 23.6 or 28.6?). Though, if I were you I would change too because profit was 80pips that time which would be enough. It would be a fight between oneself vs greediness. I use fibo levels and structure to determine reversal signals. I don't actually care if it's a quick way or not. Btw I found something very interesting, I will post it later
Added potential bullish gartley.
Added a potential bullish 886 butterfly.
Trading Idea - "Simple 161.8 reverse". I believe I don't need to explain a lot if you take a look at pics below. SL is above/under 192.9 (200 might be okay). TP is 38.2 and 61.8. I think some traders use this method. The hardest thing may be "which swing to take??". I'll test the method more.
What prompted you to change target from 38.2 to 23.6? (you said 28.6, do you mean 23.6 or 28.6?). Though, if I were you I would change too because profit was 80pips that time which would be enough. It would be a fight between oneself vs greediness. I use fibo levels and structure to determine reversal signals. I don't actually care if it's a quick way or not. Btw I found something very interesting, I will post it later
! 0.236 (not 0.286)
My strategy is inspired by S.Cornley suggestions(0.236 is my personnal touch)
! 0.236 (not 0.286)
What about SL?
EURGBP M30 - Potential bullish bat. There may be a divergence when the pattern completes.
What about SL?
its very simple :
SL at the next fibo levels
ig Bat Entry@0.886XA => SL@X
Crab Entry@1.618XA => SL@2.0XA (only if MoneyManagement allow this)
Sometimes SL@-20 pips without any look on fibo levels