emmanuel254

Bearish Butterfly on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
On the 4hr chart USDJPY - a bearish butterfly has formed. Price might retest the resistance at 113 zone before dropping. This is a great zone to look out for bearish evidence before shorting. There was insider information that banks were looking to take price to 114 before dropping it...but i think the bulls are exhausted... Use proper money management.

Comments

Dude u r not trippin' 114 then free fall..
Reply
emmanuel254 JimboZhou
@JimboZhou, hahaha we make it rain pips bro :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out