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Australian Dollar / Japanese Yen
Short

BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

By Carlos_LL
Updated
Butterfly pattern finishing on 1H AUDJPY with .886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.
Comment
Trade is active.
Comment
We´ve got a double top @ 80.644 to favor a short entry or, in my case, an increase in the position.
Comment
TP. trade closed.
akil_stokesAUDJPYButterflyFibonacci RetracementHarmonic Patternsjason_stapletonjason_stapletonpatterntrading

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