Se-Ben

UJ Possible Bullish Butterfly Forming

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Currently waiting to see if this pattern will play out. Bearish gartley pattern before this one was spot on, and of course I am expecting the same thing here. IF this does continue bearish to complete the pattern I expect some consolidation around 108.500 as it's a quarter point. My stop loss will not be too tight this time around because of this. If this happens I feel that we are in for a long bullish ride as it will be hitting an area of interest or support. Hope everyone is in profit!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.