Chart USDJPY : Bearish Butterfly Pattern

Good morning traders,

USDJPY formed a bearish butterfly pattern. I´m entering short at current levels with SL above 115 and 1st target at 113.15 and second target of 111.4

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Good luck

Josep Pocalles

Trade active:

First target achieved, close 50% position and remaining at break even

Have a great trading week !