gabrielvarvik
Short

Decent short opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
If this bearish butterfly complete, it would represent a pretty decent short opportunity. As you can see on the chart, we got a series of technicals that says short all over the place. As i see it, we can see a 1.272 extension from the 61.8% retracement, which brings us right into a bigger gartley pattern completion. And we can use the butterfly for entry reason. This extension holds around 110 pips. How you trade this with stop placement, TP's etc. is not up to me to tell you, that's why you have a trading plan. Just wanted to throw the idea out there. Good luck in the markets.
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