BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

31 thg 5, 2016

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.

31 thg 5, 2016

Ghi chú

Trade is active.

31 thg 5, 2016

Ghi chú

We´ve got a double top @ 80.644 to favor a short entry or, in my case, an increase in the position.

31 thg 5, 2016

Ghi chú

TP. trade closed.