BEARISH BUTTERFLY ON USDJPY 4H
Updated
WATCHING THE COMPLETION OF THIS PATTERN FOR SHORTING OPPORTUNITIES AT THE POTENTIAL REVERSE ZONE. THE PRZ FALLS NICELY BETWEEN 1.27XD EXTENSION AND 1.27BC EXTENSION. IF PRICE BREAKS 1.382 XD EXTENSION THE SET UP WILL BE INVALID. STOPS TO BE PLACED BEYOND 107.675. LETS WAIT AND SEE.
Trade active
SET UP STILL VALID. LOOKING FOR PRICES TO DROP AFTER THIS CONSOLIDATION AT THE D POINT
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.