USDJPY - Butterfly completion at 111.60

Hey guys, so my analysis to short USDJPY yesterday did not work out.

Price broke through support.

However, another pattern formation has just completed.

Pattern identification

I see a bullish butterfly completing at 111.60

I have gone long around 111.80 with SL at 111.20

Will aim for 114 as initial targets.

Still bullish on USD this week.

Good luck and good trading!

Kommentera:

Moving nicely up. Aiming for 114 on this.

Kommentera:

Riding 180 pips so far. Hitting tp soon. Who is with me on this?

Kommentera:

Will be setting protective stops tomorrow, do check it out here after the europe market opens.

Trade stängt: målet nått:

Closed with +220 pips of profit. Congrats to all who followed.