USDJPYMany patterns in same area hitting many ratios
4H chart
ABCD pattern hitting 61.8%
Gartley pattern hitting 61.8%
Butterfly pattern hitting 1.272%
Three drive pattern hitting 1.272%
5 min chart making butterfly pattern-->1.272% of 5 min butterfly hitting the 61.8% of 4H chart.
SL can be put under 1.618% of the 5 min butterfly pattern to make risk as small as possible.
Target could possible be 117 area to complete ABCD pattern of 4H chart
Bigedge
BULLISH USDJPY We are at a inportant level here...
Many patterns in same area..
we got a gartley hitting the 61.8% on the big swing
butterfly on the litle smaller swings hitting the 1.272%.
At the same time we got a three drive to a bottom pattern hitting the 1.272%
On the 5 min chart we got a butterfly... 1.272% equal to 61.8%
SL can be put under the 1.618% of the 5 min butterfly to make the risk as low as possible
Good luck out there