AUD/JPY Bullish Butterfly Pattern
A bullish trade setup forming on AUD/JPY, it is still in the
process of having to become valid by price closing above
83.069 which is the 1.270 extension of BC. Patience is
required, at least until next week as we have to wait and see
if price can close above 83.069 this week.
Trade (RvR ratio 2:1)
Entry: Close above 83.069
S/L: 80.059
T/P 1: 83.349
T/P 2: 86.559
T/P 3: 89.089
T/P 4: 90.305
As always, S/L placement is up to the individual trader,
however, entry and T/P levels are recommended, thus,
scale out your profits as you go along.
Happy trading
A bullish trade setup forming on AUD/JPY, it is still in the
process of having to become valid by price closing above
83.069 which is the 1.270 extension of BC. Patience is
required, at least until next week as we have to wait and see
if price can close above 83.069 this week.
Trade (RvR ratio 2:1)
Entry: Close above 83.069
S/L: 80.059
T/P 1: 83.349
T/P 2: 86.559
T/P 3: 89.089
T/P 4: 90.305
As always, S/L placement is up to the individual trader,
however, entry and T/P levels are recommended, thus,
scale out your profits as you go along.
Happy trading