Bullish Butterfly on the EURJPY
A very longterm bullish butterfly is complete on the EURJPY daily chart.
The Potential Reversal Zone is mentioned clearly on the chart. The price tested the zone and reversed at the end of last week. Unfortunately, couldn't open any position as I was busy moving houses.
However, if the price tests the PRZ again, will be opening a long position.
Exactly 3 years ago, in Sep-Oct 2016, the price was in the same area. It played out like this ...
So, the opportunity is huuuuuge... But will only open if the price is back to 116.48.
All the Best... Make a good decision and earn loads of PIPS...
The Potential Reversal Zone is mentioned clearly on the chart. The price tested the zone and reversed at the end of last week. Unfortunately, couldn't open any position as I was busy moving houses.
However, if the price tests the PRZ again, will be opening a long position.
Exactly 3 years ago, in Sep-Oct 2016, the price was in the same area. It played out like this ...
So, the opportunity is huuuuuge... But will only open if the price is back to 116.48.
All the Best... Make a good decision and earn loads of PIPS...
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