USDJPY Daily - Max butterfly and Alt shark
Hello.
The pair has 2 harmonic patterns in convergence, therefore it can reverse and make a bullish move. but it all depends on today and this week's candle.
As I showed on the chart you can enter a long position with 30pips Stop-Loss and over 100pips profit. I think it's a solid signal.
But if you want, you can wait for reversal candlestick patterns just to be sure.
The pair has 2 harmonic patterns in convergence, therefore it can reverse and make a bullish move. but it all depends on today and this week's candle.
As I showed on the chart you can enter a long position with 30pips Stop-Loss and over 100pips profit. I think it's a solid signal.
But if you want, you can wait for reversal candlestick patterns just to be sure.
Note
update about this analysis here:
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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.