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RaynLim
Feb 11, 2022 6:58 AM

USDJPY - Bearish Butterfly Short

U.S. Dollar/Japanese YenFXCM

Description

Here we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion.

I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe.

The second target has a more than 2:1 ratio.
Let's see how this trade roll out.
Comments
SabahEquityResearch
Awesome content
RaynLim
@CountLikeWallStreet, Thank You
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