Butterfly Sell chart pattern - best forex trading signals provider

Butterfly Sell chart pattern ~ best forex trading signals provider

Butterfly Sell price target

EUR/USD Technical Chart Analysis

On Friday, we had a perfect butterfly sell chart pattern. Today, the Euro initially went down (Evening Star chart pattern from Friday) and found support at the 61.80 %  fib retracement (1.2889) and resistance at the hourly trend line (blue).

1 hour Butterfly sell pattern

Typical Consolidation Pattern

On the 5 min EURUSD Chart below another typical three swing consolidation pattern is visible just at the daily Pivot Point support. The breakout of the consolidation pattern occurred with the start of the new hourly candle at 12. a.m. (Important Timing Point). The up move of the Euro found resistance at the hourly downward sloping trend line.


Interestingly, the consolidation pattern and the false breakout to the 161 % Fibonacci level at 1.2979 is very similar to the butterfly sell chart pattern. After the false price breakout to the upside to the major 161 % butterfly sell target market reversed and retraced the up move. The Euro targeted the final 161 % butterfly sell target at 1.2940, where the EURUSD paused a while before market continued the downward move to the weekly Pivot Point. The weekly Pivot provided solid support (together with the 100 % Fibonacci Extension level of the recent swing at 1.2932) and the Euro bounced back up to the daily Pivot Point.

Overall, the daily Pivot Point provided solid support at 11 a.m.. After the confirmed break of the daily Pivot to the downside at around 3 p.m. the daily Pivot changed its role from support to resistance as often after a confirmed break of important chart levels.

5 min EURUSD Analysis

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Q FOREX LIVE CHALLENGING SIGNAL 07 DEC (updated) – SELL EUR USD - tutorial trading forex di marketiva

Q FOREX LIVE CHALLENGING SIGNAL 07 DEC (updated) – SELL EUR USD ~ tutorial trading forex di marketiva

Q-FOREX LIVE CHALLENGING SIGNAL 07 DEC 2015 – SELL EUR/USD

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Nzdyen Last Sell off Leg Imminent - real time forex trading signals

Nzdyen Last Sell off Leg Imminent ~ real time forex trading signals

The chart above shows that price is in a correction stage, wave 4 ( a probable zigzag) of an impulse cycle wave which started at 44.099 in 2009 and which is suppose to be the final advance (wave 5), of the larger term super cycle wave or part of it ( if cycle wave 5 will be extended).


Price could dip further but must be contained above 66.907 to confirm that the cycle wave from 44.099 is an impulse wave ( wave 4 must not trade in the territory of wave 1)

The chart above shows the building waves of the probable zigzag correction ( a primary wave degree). The C leg of this primary zigzag (with an extended 3rd impulse wave) is impulse, as expected, and presently congesting (a lower degree intermediate wave 4) in what looks like a triangle formation.

Price is expected to dip further to 77.11 ( 161.8% extension of primary wave A from B) but must be contained above 66.907

The chart above shows the 5-waves of the triangle. A price dip below 80.97 would confirm the end of the congestion.

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EurAud Could be Exhausted Upside Imminent Sell Off - free forex trading signals review

EurAud Could be Exhausted Upside Imminent Sell Off ~ free forex trading signals review

The price movement from 1.3655 in April 2015 after the completion of a diagonal pattern highlighted how important elliot wave patterns could be. The bullish move should never be mistaken for an impulse wave.

The fact that component waves are 3-waves shows that the entire movement is not impulse not to talk of how the entire movement was perfectly placed in a channel (which is not common to Impulse waves).

The pattern was forecast to be a triple zigzag (often formed within a channel) in the Intra-day analysis of Euraud.

Elliot wave stated clearly that after a corrective pattern, a motive wave should follow and if this pattern will hold, we might see price falling in months to come.

Meanwhile, price could go a bit higher but should be contained below 1.5700-50 before the sell off.

We are prepared to follow through: you can join the daily updated Intra day analysis of Euraud.

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EurUsd New Outlook - forex trading reversal signals

EurUsd New Outlook ~ forex trading reversal signals

On 4th August, I posted a forecast titled Eurusd about to complete a triangle on Eurusd based on elliot wave analysis and followed the intraday moves on the Eurusd Intraday Analysis page.

The conclusive paragraphs of this analysis are quoted below.

"The [X] leg of the prospective double zigzag is about to complete a triangle (an elliot wave corrective pattern) and a break above the B-D triangle line will validate a move to advance Eurusd to 1.16-1.18.

Price is expected to complete the last leg of the triangle which should end at 1.081. A break below this level will invalidate the entire forecast."

Price did not penetrate 1.081 but broke the triangle upside in a renewed bullish interest of a journey that is presently shy of 1.14 (about 200pips away from the stated target).

Price could continue soaring to the stated targets or beyond before the bearish trend resumes especially if the 1.1385-1.145 resistive region is penetrated.

Alternatively, further advance to the north could be resisted as price could prepare for larger triangle formation as illustrated in the chart below.

If the elliot wave scenario above is validated, price could dip from the present position in a new zigzag formation before advancing to complete the triangle after which price could continue the bearish trend.

Follow Eurusd Intraday Analysis here>>>>

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Continuation Of Eurusd Bullish Correction How probable - binary options trading signals forex peace army

Continuation Of Eurusd Bullish Correction How probable ~ binary options trading signals forex peace army

Its been long that I havent updated on this pair. The last analysis titled Eurusd Intraday Update was about how far price has reacted after the rise from 1.046.

Price from 1.046 is clearly engaging in a correction after a long term bearish move. The correction was expected to be a double zigzag pattern

The correction has already completed the first two legs of the prospective zigzag pattern. The last leg could take price to 1.23-1.25 resistive region.

The chart below shows the clear pattern forming within the last leg of the correction.

The last of the correction which ,on its own, should be a zigzag pattern is in the process of its second leg ( a probable triangle pattern). If this triangle pattern completes as indicated in the chart above, price would be expected to break above 1.1480 in a new bullish journey to 1.23-1.25 zone.

Triangle patterns are one of the corrective elliot wave patterns and they mostly signal the last drive of the prevailing trend (whether motive or corrective) before a bigger trend or a correction resumes.

An opportunity for a long trade will present itself if this triangle pattern is formed as forecast and price does not break below 1.10722 resistance level but rally above to break the triangle upside.

The bullish correction does not look ended unless price breaks below 1.10722 convincingly in high momentum.

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