USDJPY 1H

Updated
We have seen a big drop on UJ, forming a bullish butterfly. We just had a hourly engulfing candle to the upside. Looking for movement to go up, RSI is also oversold.

Stoploss is 50-60 pips. Targets are labeled on chart.

*Risk management is KEY!
Trade closed: target reached
Target 1 HIT! +30 pips. Yo can put stop loss on break even, or swing it.
Trade closed: target reached
Target 2 HIT! +65 Pips. Stop at break even and let it ride.
Trade closed: target reached
Target 3 HIT! +115 Pips. All positions closed, little to no drawdown. On to the next!
ButterflybuyChart PatternsHarmonic PatternsLONGlongsetuppipspipsfordaysTrend AnalysisUSDJPYusdjpylong

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