RaynLim

USDJPY-Weekly Market Analysis-Feb22,Wk4

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
If you have read the previous post(the article is within the link to the related idea within TradingView), the Bearish Butterfly has already brought you 167pips(approx. 1,670USD/lot traded) of profit.

Should the market continue to fall and reach 114.58, it will be a Bullish Gartley Pattern for trend traders to hop on the trade for a buying opportunity.

However, if the market reverses from this point, you should be able to catch the Bearish Bat Pattern on the 1hourly chart.

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