USDJPY: Butterfly as Downtrend Confirmation
Reason to entry:
-Butterfly Pattern
-1618 completion at strong structure lvl
-fib confluence at 1618 completion
-near RSI overbought
-in downtrend pullback
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
Remember that market always right!
Manage your trade well!
-Butterfly Pattern
-1618 completion at strong structure lvl
-fib confluence at 1618 completion
-near RSI overbought
-in downtrend pullback
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
Remember that market always right!
Manage your trade well!
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