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lyl89

USDJPY - Bearish Butterfly on H1

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
lyl89 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY usdjpyshort Bearish Butterfly Butterfly Harmonic Patterns
3
2
usdjpy usdjpyshort bearishbutterfly butterflypattern harmonicpatterns
Price is close to the top of the ED channel drawn based on daily chart.
A bearish butterfly has been spotted around that area as well, a potential short.
RSI is also at overbought now, waiting for retracement to enter the next hour.
Trade closed: target reached:
Shorted slightly late @ 104.58, TP1 hit @ 35 pips.
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