Fibtrader786
Short

USDJPY bearish 3 drive to a top with Butterfly pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
110 4 2
Sell this USDJPY             3 drive to a top at 105.03. S/L 30 pips higher. First P/T 40 pips lower.
Hi, is the set up still valid as the price did not make a consistent higher high in the CD leg?
Reply
HI, 3 drive to the top is already invalid. You need to have 2 symmetrical triangles one after the other.
Reply
lcyilin Fibtrader786
Noted, thank you! I am learning a lot from you. Currently reading through the book you recommended, trade what you see.
Reply
Very good. Keep learning. Ask questions any time.
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