Butterfly on CADJPY Daily
I've been looking at this bug since November... last 4 days all xxxJPY have been dropping steadily, so it does not look like a long opportunity... but what do I know about markets?
What I do know, is that last 1h bar closed inside the zone...
The other thing I can tell is that there are important news on the JPY side today at 6:30 pm EST
I'll keep an eye on lower time frames and see how the JPY pairs react to the news...
As per now numbers look like:
Entry: 82.282
SL: 81.40
Lots of good targets with great RRs... lets name the common ones:
TP1: 84.932 (3 RR)
TP2: 86.569 (4.85 RR)
What I do know, is that last 1h bar closed inside the zone...
The other thing I can tell is that there are important news on the JPY side today at 6:30 pm EST
I'll keep an eye on lower time frames and see how the JPY pairs react to the news...
As per now numbers look like:
Entry: 82.282
SL: 81.40
Lots of good targets with great RRs... lets name the common ones:
TP1: 84.932 (3 RR)
TP2: 86.569 (4.85 RR)
Order avbruten:
PA went out of the zone invalidating the pattern.