bullish butterfly pattern forex USDCAD update

Hello harmonic traders.

It ended up to be very nice Forex butterfly pattern opportunity, but it's also great example to demonstrate the power of DaVinci harmonic indicator. Why? We discussed it in our skype group in details. In short, DaVinci allows to position XABCD points freely (see the chart below), to analyse the possible PRZ clusters.

bullish butterfly pattern

as for the trade itself, trade entry was perfect, trade exit was far too early:

bullish butterfly pattern entry & exit

DaVinci indicator download page:

 http://tools.tradingarsenal.com/davinciskiss-harmonic-indicator-download/

FiboManager download page:
http://tools.tradingarsenal.com/fibomanager-indicator-download/

Happy trading!

bullish butterfly pattern with DaVinci harmonic indicator on USDCAD

bullish butterfly pattern with DaVinci indicator on USDCAD

new version of DaVinci: tools.tradingarsenal.com/davinciskiss-harmonic-indicator-download/

harmonic bearish butterfly on AUDUSD

harmonic bearish butterfly on AUDUSD ...

new version of DaVinci is available: tools.tradingarsenal.com/davinciskiss-harmonic-indicator-download/

harmonic bearish butterfly on USDJPY

...update the previous post ...
beauty of harmonic patterns, precise entry, very low risk with good R:R, ...gives opportunity to catch the end of the previous swing / trend.

bearish harmonic butterfly pattern

if you are interested in harmonic trading take a look at the harmonic trading quizes we have prepared for two most common and powerful harmonic patterns: the Gartley and the Butterfly fractals.

see: Harmonic Trading Quizes from TradingArsenal

USDJPY butterfly bearish pattern