Don_Nilo
Long

Potential Ideal Bearish Butterfly

FX:GBPJPY   British Pound / Japanese Yen
72 8 3
Potential Ideal Bearish Butterfly
The weekly candle looks like a "Hanging Man" I am preparing to take profits and wait for the next week
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Good idea, I wouldn't risk it turning around if in profit here.
Might be a long next week too, so, reentering shouldn't be a problem. Turning a winner into a loser is not fun.
Good entry.
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Don_Nilo IvanLabrie
Si, yo corte a los 184.40, por las divergencias y por que la media de 200 esta actuando de Resistencia noteablemente.
A pocas del cierre la vela seminal se como un Handing Man y con japon cerrado y londres por cerrar no le tengo mucha fe de que el precio termine el patron hoy dia.

Te sugiero que tambien veas, analizalo major que yo lo hice rapidamente

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Creo que deberiamos mantener la charla en ingles.*I think that we should stick to English here.

As for the chart, yes, very unlikely to see further continuation with reduced liquidity. Also, the resistance to the left stopped the advance quite fast. I'd be careful with the Pound for now, it has conflicting signals in larger timeframes.
Both bearish and bullish trends at play, I'm staying out of it for now.
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Don_Nilo IvanLabrie
Ok but I am very bad in English.
I will try to re enter at 183.55 zone, it looks harmonic if the price goes to rally again

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Don_Nilo Don_Nilo
from that level the AB=CD will complete the Ideal Butterfly
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I don't trade lower timeframes, so I can't comment in any insightful way, and specially not in time for it to work.
I do 4h, daily, weekly and monthly analysis and trading.
Good luck!
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Don_Nilo IvanLabrie
If the pattern it is complete, it will trespass the 200 media (4 hours) and probably will act as support to retest the 184,50 zone
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