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WilliamSurya
Apr 19, 2017 2:55 PM

USDJPY: Butterfly as Downtrend Confirmation Short

U.S. Dollar/Japanese YenFXCM

Description

Reason to entry:
-Butterfly Pattern
-1618 completion at strong structure lvl
-fib confluence at 1618 completion
-near RSI overbought
-in downtrend pullback

Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion

Exit:
-38.2% retracement
-61.8% retracement

Void if:
-Failed pattern

Remember that market always right!
Manage your trade well!
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