FX:USDJPY   U.S. Dollar/Japanese Yen
169 3 4
This butterfly pattern has a perfect 78.6 retracement of the x to a leg.
Pattern completion at the 127.2 extention of the xa leg has a perfect 161.8 ratio confluence of the ab=cd .
there's not a lot of direct support but when looking further back there's resistance on the weekly timeframe .
I like the way you think.
USDJPY Possible Butterfly Pattern
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thanks kakola. Im really new at this but doing my best. any feedback would be welcome.
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This market is dead. Hopefully it completes this week.
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