EUR/JPY bullish harmonic butterfly
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There is a nice bullish butterfly pattern on W1 and I have been watching it for 2 weeks already. After today's ECB decision EUR gathered some strength and is going up. H4 is having some RSI divergence as well.
A good entry would be a small pullback on H1 chart (Stoch should get near bottom) and the price around 119.1, leaving H4 support intact. Once we see the support holding - a position can be bought with initial target of 120, TP2 at 120.595 , TP3 123.35 where W1 resistance is located.
A good entry would be a small pullback on H1 chart (Stoch should get near bottom) and the price around 119.1, leaving H4 support intact. Once we see the support holding - a position can be bought with initial target of 120, TP2 at 120.595 , TP3 123.35 where W1 resistance is located.
Note
The pair may drop very soon so it is best to book any profits remaining and reenter at a better spotTrade fermée manuellement
Not worth risking it as it lack strength
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