Long

USDJPY Bearish butterfly harmonic pattern

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USDJPY is forming a bearish butterfly harmonic pattern. My intention is to trade the last trendline from C to D. To support the pattern, point C also confluence with the lower trendline of the broadening bottom formation. Consider enter your trade once price bounces off the trendline and starts to move upward.

Trade setup is on the chart

Transaction en cours

95% of take profit 1 is completed. Cash out 1/3 of your position if you feel good enough

Note

moving your sl 10 pips above your entry to secure

Transaction en cours

target 1 is reached. Price is parking around 110.41 to regroup. next target might be reach within London session open.

Note

Target 2 is reached. minor retraced. If break above 110.60s will continue to move to target 3. Then, harmonic pattern is completed

Trade fermée: cible de profit atteinte

Target 3 reached.

ShaneHuynh

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