Doji2Pips
Short

Butterfly Pattern

FX:EURJPY   Euro / Japanese Yen
201 views
3
Bearish Butterfly pattern near completion. I've been watching this for a long time and it's finally completing. Entry, stops, & targets on chart.
Trade closed: target reached: This worked out very nicely! Huge profit on this pair!

Comments

do u have just 1 target?
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Doji2Pips JairMiranda
@JairMiranda, Yes, for illustrating on tradingview I use one target. Also, for this particular set up I'm going after a lot of pips so one target will take a time to get there. So I want out as soon as possible.

Thanks for the question!
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Hello Bearish butterly can have B== 85,4% XA? Thank you for answer
Reply
Doji2Pips MichalMajzlik
@MichalMajzlik, I appreciate your question. For a butterfly to fit my rules I need the B retracement to at least touch the 0.786 fib of X to A, and not to exceed X.
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