Carlos_LL
Short

BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

FX:AUDJPY   Australian Dollar/Japanese Yen
Butterfly pattern finishing on 1H AUDJPY             with . 886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.
Comment: Trade is active.
Comment: We´ve got a double top @ 80.644 to favor a short entry or, in my case, an increase in the position.
Comment: TP. trade closed.
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