long term butterfly on USDJPY

10 thg 10, 2013

I think you can trade this pattern pretty aggressively since you can wait for pretty big confirmation candles. The long term trendlines have been proven to be very strong. It all depends if the 98.26 line (B) is going to hold now and it goes back down after a pretty solid up week. If it does not, it might bounce at the 0.886 but I am not that certain to trade it then since there are some other possibilities then. Just looking at this now.