CADJPY providing us with a super clean (max) butterfly and a beautiful C-D pitchfork to accompany.
Median line was tapped almost immediately! Remember, 80% chance of this happening! So, I'm hesitant to go short - right away.
However, the pitchfork should give at least one of two super easy plays!!
Watch for price action to bounce around inside the channel!
Trade closed: stop reached
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Boo!!! Turned on me almost immediately. Will be doing analysis on this and will report back with anything interesting I find out.
Comment
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Note that -after- leaving the top of the pitchfork, the trend idea really went to shit. Be very weary staying in a position if it's leaving the opposite side of your pitchfork.