Butterfly Harmonic Pattern: How to Identify and Trade it [Forex Chart Patterns]

The butterfly harmonic pattern is a reversal chart pattern that appears at the end of a trend move. It is one of the most advanced and complicated harmonic patterns forex traders use to identify trend reversals.
In this video, we’ll teach you how to identify and trade the butterfly chart pattern. Here’s a quick overview of what you’ll learn:
First, our team of analysts will provide vital information about the butterfly pattern’s formation and characteristics. This includes the pattern’s four price swings, five price points, and the ratios between one point to another. We’ll also briefly discuss Fibonacci retracement levels, as these are an integral part of using harmonic patterns.
Next, we will move on to share strategies on a live trading chart, so you properly learn how to trade the butterfly pattern. In this chapter, we first show you how to draw Fibonacci retracement levels using the Fib retracement tool. Then, you’ll learn how to find the four price swings and the five points and, thus, identify the butterfly pattern.
At last, we review the pros and cons of the butterfly candle pattern and discuss the key takeaways to consider when trading the harmonic butterfly pattern.
Let’s get started!
Chapters:
0:00 - Intro
0:50 - How to Identify the Butterfly Pattern
2:42 - How to Trade the Butterfly Triangle Pattern
6:20 - Pros and Cons
7:16 - Key Takeaways
➡️ For the full butterfly pattern guide, visit this page: howtotrade.com/chart-patterns...
💸 Become Financially Free By Learning How To Trade here: 👉 to.howtotrade.com/x9q
RECOMMENDED BROKERS:
🏅Switch Markets - to.howtotrade.com/ixx
🏅Oanda (US & Canada) - to.howtotrade.com/lx6
The best VPS for algo traders:
📀 The Best VPS for EA Traders - to.howtotrade.com/myj
OUR SOCIALS:
📸 Instagram - / howtotradecom
📘 Facebook - / howtotradecom
♪ TikTok - / howtotradecom
↗️ Telegram - t.me/forexsignalscom
🐦 Twitter - / howtotradecom
🟦 Linkedin - / howtotradecom
1,800+ REVIEWS ⭐⭐⭐⭐⭐
💚 Trustpilot - www.trustpilot.com/review/for...
AFFILIATE PROGRAM
💰Earn money with our leading affiliate program: to.howtotrade.com/zkg
FREE TRADING EDUCATION:
📩 Free Weekly Forex Forecast - to.howtotrade.com/ica
📩 Free custom trading tools for all types of traders - to.howtotrade.com/4jv
📩 Join our free monthly NFP special live event - to.howtotrade.com/e8l
📩 Free library of trading Cheat Sheets - to.howtotrade.com/fix
👩‍🏫 Learn more about Chart Patterns - to.howtotrade.com/mbs
👩‍🏫 Learn How To Trade with 100% Free Courses - to.howtotrade.com/atn
👩‍🏫 Learn more about trading Forex Strategies - to.howtotrade.com/0cq
* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.
*** This video and the video description may contain affiliate links, meaning HowToTrade.com will get a commission if you decide to make a purchase or trade through our links, at no cost to you.

[@a_jasonrobles5695]

Very informative

[@guilhermemarinho2913]

I didn´t understood how do u calculate the target of the trade after the confirmation?

[@kimlongcp]

that is beautiful Trading

[@ForexSignalsTV]

Thank you for your feedback!

[@MuhammadBilal-mf8jv]

hi you share signal or strategy in paid group?

[@ForexSignalsTV]

Hi Muhammad. If you are interested in learning our strategies, please check www.forexsignals.com/

[@omarzwawi5781]

Bro if I have a small money like 500$ what do you advice me to get in forex/stock/crypto?

[@ForexSignalsTV]

Hi there. Our market analysts cover all of these 3 markets. If you are interested in learning how to trade, you can receive proper education from our academy here: www.forexsignals.com/

[@daivedaive276]

I'm a bit confused because it looks a lot like double top and double bottom pattern.

[@ForexSignalsTV]

Hi Sir. Our market analysts would love to help you with any questions you may have. You are welcome to join the Trading room for 7-days free trial here: www.forexsignals.com/