Alexander_Nikitin

eurjpy. butterfly advanced formation

Short
Alexander_Nikitin Updated   
FX:EURJPY   Euro / Japanese Yen
a butterfly advanced formation is already completed on eurjpy. unlike butterfly pattern, butterfly advanced formation has an optional completion: either 1.272XA or 1.272AB. The most common completion among advanced formation traders is the 1.272AB. A trader should choose one, backtest it and stick to it, he shouldn't change completion rules to fit the pattern to the market.
Trade closed: target reached:
first target is hit

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