How To Trade the Harmonic Bullish Butterfly Pattern|Best Harmonic Forex Trading Strategies
How To Trade the Harmonic Bullish Butterfly Pattern|Best Harmonic Forex Trading Strategies
How to Add Fibonacci Levels Tool on MT4|MT5 Fibonacci Retracement Strategy
https://www.youtube.com/watch?v=ADogE_00SnQ
what is the Butterfly Pattern?
The Butterfly pattern can be found near key market reversal points, usually at intermediate highs and lows. The appearance of the butterfly pattern indicates reversals when it is validated. The chart below gives an illustration of the Bullish and Bearish butterfly patterns.
Bullish and Bearish butterfly patterns example
The main rules of the Bullish and Bearish Butterfly patterns are as follows:
Butterfly Rules
AB can retrace up to 78.6% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.618% – 2.618% of AB
CD can also be an extension of up to 1.272% – 1.618% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at D.
Butterfly Target Levels
Once a position is entered at D, profits can be booked at 61.8% of CD with the second target at 127.2%. Despite the above rules, in real time such text book patterns that qualify every point of the swing legs do not form as expected, so traders should be a bit flexible while identifying the butterfly patterns
How To Draw Bullish Gartley
https://www.youtube.com/watch?v=vIDRKjXIacs
How To Draw Bullish Gartley Harmonic Pattern Forex Trading Strategy
https://forexpasha.blogspot.com/2019/11/How-To-Draw-Bullish-Gartley-Harmonic-Pattern-Forex-Trading-Strategy.html
Welcome Friends to 's Biggest Technical Analysis Youtube Channel
Our Dream is to make you an Expert in Trading any Market, be it Indian Stocks, Commodity or Forex Trading. We plan to achieve that by:
* By providing you A-Z of Technical Analysis and Fundamental Analysis training,
* By Giving you tools, Strategies and Indicators to know the markets better,
* By Providing you a Demo trading platform free of cost to test the waters
* By Providing you a Mobile App, to Monitor, Study, Analyze and trade on the Go.
* By Providing you Free Honest Product reviews related to Trading.
Our Channel has Videos basic videos from what is Technical Analysis to advanced concepts like Trading Divergences, we have training videos in Trading Psychology, Money Management along with hardcore Technical Analysis videos.
Wishing you all the very best.
.....................................................
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How to Add Fibonacci Levels Tool on MT4|MT5 Fibonacci Retracement Strategy
https://www.youtube.com/watch?v=ADogE_00SnQ
what is the Butterfly Pattern?
The Butterfly pattern can be found near key market reversal points, usually at intermediate highs and lows. The appearance of the butterfly pattern indicates reversals when it is validated. The chart below gives an illustration of the Bullish and Bearish butterfly patterns.
Bullish and Bearish butterfly patterns example
The main rules of the Bullish and Bearish Butterfly patterns are as follows:
Butterfly Rules
AB can retrace up to 78.6% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.618% – 2.618% of AB
CD can also be an extension of up to 1.272% – 1.618% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at D.
Butterfly Target Levels
Once a position is entered at D, profits can be booked at 61.8% of CD with the second target at 127.2%. Despite the above rules, in real time such text book patterns that qualify every point of the swing legs do not form as expected, so traders should be a bit flexible while identifying the butterfly patterns
How To Draw Bullish Gartley
https://www.youtube.com/watch?v=vIDRKjXIacs
How To Draw Bullish Gartley Harmonic Pattern Forex Trading Strategy
https://forexpasha.blogspot.com/2019/11/How-To-Draw-Bullish-Gartley-Harmonic-Pattern-Forex-Trading-Strategy.html
Welcome Friends to 's Biggest Technical Analysis Youtube Channel
Our Dream is to make you an Expert in Trading any Market, be it Indian Stocks, Commodity or Forex Trading. We plan to achieve that by:
* By providing you A-Z of Technical Analysis and Fundamental Analysis training,
* By Giving you tools, Strategies and Indicators to know the markets better,
* By Providing you a Demo trading platform free of cost to test the waters
* By Providing you a Mobile App, to Monitor, Study, Analyze and trade on the Go.
* By Providing you Free Honest Product reviews related to Trading.
Our Channel has Videos basic videos from what is Technical Analysis to advanced concepts like Trading Divergences, we have training videos in Trading Psychology, Money Management along with hardcore Technical Analysis videos.
Wishing you all the very best.
.....................................................
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