EURAUD (Bearish Butterfly Pattern) -4h Chart
Bearish Butterfly Pattern
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case it went a little higher because of Euro news)
- TP 0.382 TP2 0.618 (Fibo A-D)
X to D distance is 1.618 (1.618 golden ratio!)
X to B distance is 0.758 (around 0.786!)
A to C distance is 0.862 (around 0.886 retracement)
B to D distance is 2.317 (around major retracement 2.618)
Good Trading
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case it went a little higher because of Euro news)
- TP 0.382 TP2 0.618 (Fibo A-D)
X to D distance is 1.618 (1.618 golden ratio!)
X to B distance is 0.758 (around 0.786!)
A to C distance is 0.862 (around 0.886 retracement)
B to D distance is 2.317 (around major retracement 2.618)
Good Trading
Trade fermée: cible de profit atteinte
Third TP has been reached
Publications connexes
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.