99nines
Short

UJ possible butterfly to kill shorts?

FX:USDJPY   U.S. Dollar/Japanese Yen
297 3 10
GL

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The mandatory retracement of XA at point B is 0.786 for a Butterfly according to Scott's methodology. Being new to those harmonic patterns, I wonder whether this methodology allows the flexibility that is implied by your graph.

Thanks in advance for your help, Marc.
+1 Reply
99nines Marc_lux
I'm pretty sure it is flexible, countless harmonics (especially in FX) tend to miss there "proper" ratios but still work.

That being said i'm not a harmonics guy so I'm not 100% sure on that, I trade geometry but always see these harmonics in play as a result of the geometry behind the markets.
+1 Reply
99nines Marc_lux
Worked perfectly :)
+1 Reply
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