DanLaffas

$EURJPY Bat or Butterfly? What do you see?

FX:EURJPY   Euro Fx/Japanese Yen
Only time will tell. I am thinking the smaller bat will materialize. This will also allow a valid butterfly to complete.

Either way, I'm going to wait and see. I'm keen to hear your thoughts.

(Disclaimer: I am only demo trading so please do your own due diligence and follow your own trading plan)
Bat pattern it is!! And a nice fill too.
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Haha Forex has such weird patterns.. " Bat and butterfly " lolz
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DanLaffas Saoldric
Yep, I have a similar plan (depending on whether we bounce off 134.8xx or 134.2xx). I would hypothetically trade a three tier exit at the levels below. Stops moved to break even upon hitting TG1, then a trailing stop if TG2 is hit.
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i have something similar to your butterfly. Im looking to trade long to around 137.5~ and then try to get a short down from there since its around a large confluence of fibbs.
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