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Fibonacci_Trader
May 11, 2015 8:35 AM
USD/JPY Potential bearish Butterfly
FX:USDJPY
240
U.S. Dollar/Japanese Yen
FXCM
Description
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May 11, 2015 8:35 AM
USD/JPY 4Hr Chart is seems to be forming a Potential Bearish Butterfly that aims to be completed at 121.39.
There are two ways to trade the pattern one is by making a buy order with a TP at the PRZ. Second is make a sell order upon reaching the PRZ.
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