JesusDiaz
Long

USDJPY bounce off of gartley completion

FX:USDJPY   U.S. Dollar/Japanese Yen
102 3 1
**LT 75** This is put out a little bit late. but this definitely looks like a good opportunity on the USDJPY            
HatZ
2 years ago
there is a possible bull butterfly that completes around the 101.265 area.
Reply
JesusDiaz
2 years ago
keen observation. you should think of something before USDJPY has the chance to get to the bullish butterfly. How much bearish momentum is USDJPY going to need to break through the current support area that has stopped price at the 102 level. Take note of how strong the bearish action was at the first test of 102. then the bulls held 102 twice more. Think, if the bears wanted price to fall below 102 how much momentum would be need to break it. And when 102 is broken do you feel that 101.265 is solid enough support area to reverse the momentum to the other side?

I will be looking out for this potential butterfly pattern. Thanks for putting me on notice.
Reply
JesusDiaz
2 years ago
well, it definitely has recognized that 101.265 level
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out