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benayaadhi
Jun 8, 2014 10:59 AM

USDJPY Outlook Pattern Short

U.S. Dollar/Japanese YenFXCM

Description

In 4H Chart, we see formed bearish butterfly pattern (RED one) and in the other hand, we still waiting for the formation bullish cypher pattern.. if we look at 15m, we can see bullish crab formation confirmation around 101.920.. so in my opinion, if the price go down , it will go down to 101.920 then we will see bull action will hit my 1st tgt (i will post my 15m chart) then we will continue down for the cypher formation.
Comments
benayaadhi
2nd option if the price broke this blue line on the above, price should be moving up my TP 103 then we'll see later
benayaadhi
bullish crab pattern
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