USDJPY: Bearish Butterfly formation ? Long Bias
Updated
In 4 hours chart I saw a Bearish Butterfly is forming and the C leg is expected to be completed around 112.4 which is also the recent support on 19 Feb and resistance on 23 Feb & 25 Feb. Therefore the price is expected to reverse from this level to D leg.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Trade active
Note
Breakout of triangle? Lets see how market react.
SL moved to breakeven.
Trade closed: stop reached
Hit SL at breakeven with 5 pips profit.
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