Here on the yen we have a bullish butterfly. the completition point is at the yellow line. right now we only have one oscilator in an extereme area. We are looking for the HSI to dip into the extreme area. I hope this pattern is an introduction into a true reversal.
Comment:
hopefully we see things calm down a bit but here is that strong reaction i was talking about above!
Comment:
okay everyone, this might be a strong reaction move. it is really taking off. but good news is we are looking in the right direction. we have some major divergence on both the oscillators. So, hopefully the pair gives us an opportunity to enter the trade. If not what we will look for is Price to clear the blue "profit box" and come back down into the grey area. once this happens we will look again for something similar we are seeing now. extreme levels in the oscillators, possibly a divergence for my conservative investors, and an entry back into the normal range on the oscillators along with PA coming out of the grey box.
PS i can not seem to spell oscillators with out Spell Check :)
PS i can not seem to spell oscillators with out Spell Check :)
Trade closed: target reached:
Another Successful Pattern
okay everyone we have a completed pattern we are going to be looking to take a trade off the reaction of this completed pattern. PA has entered the area of support (the grey-ish box) and is now reacting. I'm waiting for the oscillators to come out of the extreme area. on the top oscillator we are only in the trade until it hits the 50 line and were out. targeting 100+pips on this reaction move.