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GeminiWealthGroup

BEARISH BUTTERFLY ON USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GeminiWealthGroup Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Bearish Butterfly usdjpyshort sellusdjpy
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harmonicpatterns bearishbutterfly usdjpyshort sellusdjpy
On the 4hr chart USDJPY abearish butterfly has formed. The D leg had along stretch, this is agood opportunity to short this pair. Look for bearish evidence before trading, use proper money management. Cheers fam
Comment:
The secret of harmonic trade set ups is identifying the completion of the D leg...if price exceeds a particular fib level then the set up becomes invalid. The 112.80 and 112.63 are the r2 and r1 respectively meaning reversals are to happen here. If fundamentals push the market then technical analysis take effect after. Use proper money management. More harmonic patters coming up this week...we will kill it cheers my friends
Trading CFDs involves risk of loss. Trade responsibly and consider your risk tolerance. View and opinion stated here are purely for educational purposes and not to be used as financial advice. #gwg
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