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LeeFuGuo

USDJPY: Bearish Butterfly formation ? Long Bias

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
LeeFuGuo Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
3
0
In 4 hours chart I saw a Bearish Butterfly is forming and the C leg is expected to be completed around 112.4 which is also the recent support on 19 Feb and resistance on 23 Feb & 25 Feb. Therefore the price is expected to reverse from this level to D leg.

DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Trade active
Comment:
snapshot

Breakout of triangle? Lets see how market react.
SL moved to breakeven.
Trade closed: stop reached:
Hit SL at breakeven with 5 pips profit.
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