Bullish Butterfly Pattern form a counter-trend trading opportunity, what's more interesting is the Potential Reversal Zone based on the 4-hourly chart came within the D Price completion.
Structure Trade for this, back into our 5-0 pattern having a nice Pin Bar or also known as long shadow candle.
Already shorted the trade and I have 2 target for this,
Target and stops will be shared to my subscriber.
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In this week, Weekly Market Analysis you can find that the closing candle fails to break above and close above the pink zone that symbolised shorting opportunity.
This week analysis I'm still looking at a shorting opportunity.
In fact, I've already engaged the trade on Bearish Shark formation that forms up on H1 perfectly.
Not my usual style to post Harmonic Pattern before the market cross Pt B as I always see that as too early to do it.
As I'm so involved in this trade, I just wanna let my readers know what I am waiting for and how I build my case of entry for the coming trade.
Shorted this trade, using SL base on Butterfly as the stop is still above the X leg of Bear Bat.
Taking conventional target based on Butterfly but Target2 I'm watching closely for the completion of Bull Shark.
This is what I call Pattern over Pattern
Although, the market has not touches the sell zone, but Crab often shows a great Reward:Risk.
This trade was engaged as a Class C Trade.
In Forex100 Academy, a Class C Trade is the 1 we risk the least, at least most of them are.
Overall Trend for USDJPY still is a bullish move, at least on the daily chart it is, on H1 there is a counter-trend trading opportunity.
At Pt D completion, I will be waiting for a double top before considering shorting this pattern as the market is still on a bull run.
