Possible butterfly pattern on USDJPY pair
There is quite good possibility that we will see this formation complete. There is 161.8 extension which might hold, also this level is 38.2 retracement of CD move of bigger CRAB formation.
There is again option that USD will push up till it reach 361.8 extension of BC move of this butterfly formation. That level is also 78.6 retracement of CD move of CRAB formation.
Happy trading
There is again option that USD will push up till it reach 361.8 extension of BC move of this butterfly formation. That level is also 78.6 retracement of CD move of CRAB formation.
Happy trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.