GBPJPY Bearish Butterfly
Stops are ATR based if a reversal candlestick formation occurs within the sell zone. Once the trade is open, profit targets are determined by the .382 & .500 C-D leg retracements. The fibs should be stretch from C to the highest D point if price continues higher.
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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.