FX:USDJPY   U.S. Dollar/Japanese Yen
7 months ago
If the market continues upwards towards the D completion of the butterfly pattern (blue) we could sell the USD/JPY             towards the 0.618 retracement of the C-D move.

If the maket continues downwards and invalidates the butterfly pattern by surpassing point C, we could buy the cypher pattern (red).
7 months ago
Trade active: The red Cypher pattern has been invalidated and the blue Butterfly pattern is now active.
7 months ago
Trade closed: stop reached: Stop was reached at 111.084, 2 ATRs above point D
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