Euro / Japanese Yen

Short

EURJPY Short Term Butterfly Formation

Updated

We've spotted a butterfly pattern completing at the resistance level.

5 Minutes charts can be used to seek signals.

Thanks for comments and likes. Good luck

Note

First run missed the target by 3 pips. Price is trying to proceed downwards which is good for now.

Trade closed: stop reached

Unfortunately price failed to reverse, there is no point of keeping position open and watching the price going higher. Terminated the trade with a smallest loss possible.

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