EURJPY - Bullish butterfly and Wolfe wave confluence
This is interesting. I see a bullish butterfly pattern with a potential reversal zone between 120.083 and 119.788. This price range would line up perfectly with completion of a Wolfe wave into the "sweet spot" for bullish reversal.
Watching 120.083 to 119.788 for a bullish reversal and continuation of the strong uptrend that began back in Oct.
Target is the red 1-4 line
Watching 120.083 to 119.788 for a bullish reversal and continuation of the strong uptrend that began back in Oct.
Target is the red 1-4 line
Trade active
Comment:
Pin bar formed on the daily chart
Comment:
Potentially another long entry on the 4-hour chart. A pullback to 119.559 should complete a bullish bat pattern