Alexander_Nikitin
Short

eurjpy. butterfly advanced formation

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
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

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Hit first tp
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You are mastering all this man
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This is a beautiful one.
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Alexander_Nikitin PowerOfCapital
@PowerOfCapital, thanks you:)
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Well, it worked!! Thank you for this analysis :)
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@SusanKellert, you are welcome:)
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So is either Yen strengthen or Eur weaken for this pattern to happen.
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@tuteee, the pattern already happened. it will either work or not.
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We are waiting for a .786 pull-back then take profit down to the .386 !

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@View4U, is it a cypher pattern on your picture? if yes then it is invalid because the C-point candles for the cypher cannot close below 1.414XA.
+1 Reply
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