Catch the ceiling with a butterfly pattern EUR/USD 5-minute chart
Hello!
I’m Sagitori, researching FX.
This time I will deliver “Butterfly pattern catching a top on the EUR/USD 5-minute chart.”
The figure below shows a Butterfly pattern on the EUR/JPY 5-minute chart as an example of a selling signal at the top.
It’s the reversal point after making a high.
The pink sell signal is at 21:00 on June 4, 2018 (Japan time).
The chart reached its lowest point at 0:35 on June 5, and the profit value at that time was 60 pips.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/8/9/89e46d63.gif
A Butterfly pattern is a chart shape that tends to form at turning points frequently observed by Western institutional investors; when it appears in the high region, it offers greater potential for price-range capture.
Even if the price range isn’t large, the probability of taking profit at the 0.382 Fibonacci retracement level remains reasonably high.
The indicators used today are as follows.
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http://fxmt4indicator.abproducts.biz/wp/?page_id=1636
Harmonics that Western institutions tend to watch for turning points
Bat, Butterfly, Gartley, Crab — four main patterns
Signal arrows and alerts via email as well!
Thank you very much for reading up to this point today.
Well then, please take care and stay well.
Technical Trade Blog Rankings
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Publisher: Art Brain Products
FX Technical Strategy Researcher
Saburori Heart
Email: info(at)abproducts.biz
Blog: Fibonacci Retracement FX Research：http://fxmt4indicator.blog.jp/
Indicators, Tools, & EA：http://fxmt4indicator.abproducts.biz/wp/
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