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Forex Strategy “Butterfly Effect”

This strategy is actually one of the types of a Harmonic model of price formation that works pretty well on the forex market. It can be applied to any currency pairs and all time frames. Though, the higher the time frame the better. The main difference between the Harmonic model of price formation and the regular one is that a Harmonic is a distinct model to concrete Fibonacci mathematical correlations among points of the model.

The most common Harmonic model of price formation is Butterfly model.

This strategy can be mentioned often on the Internet. It is a very good model that usually gives a pretty good point to enter the market. It has its own conditions and laws for entering the market.

The ideal Butterfly model doesn’t often come up on the market. However, if it can be noticed and it will meet all the terms, one can safely open the position of trading. The probability of profit is very high at this moment.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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