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holeyprofit
Nov 5, 2022 1:21 AM

Potentially a large bearish butterfly in USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

We've been in a hyper parabolic leg in this for a while. It's gotten a lot of attention and been well supported by news.

This has taken us up to the butterfly extension levels. Here we have a major make or break level for the USDJPY.

A spectacular turn could be on the cards here. If this level fails to turn the USDJPY, I'd be strongly bullish on it.

Comments
JoeChampion
Nice one mate!
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