GBP/JPY Bullish Butterfly Pattern
GBP/JPY Bullish Butterfly
A possible trend continuation for the 'Dragon'. Wait for price
to close above 152.464 to enter long. At the moment a
possible double bottom could also still form, key is for the
152.067 level to hold.
Trade (RvR ratio 2:1)
Entry: Close above 152.464
S/L: 151.814
T/P 1: 152.789 (Point B)
T/P 2: 153.035
T/P 3: 153.764
Remember to adjust your stop/loss once in profit.
Happy trading
A possible trend continuation for the 'Dragon'. Wait for price
to close above 152.464 to enter long. At the moment a
possible double bottom could also still form, key is for the
152.067 level to hold.
Trade (RvR ratio 2:1)
Entry: Close above 152.464
S/L: 151.814
T/P 1: 152.789 (Point B)
T/P 2: 153.035
T/P 3: 153.764
Remember to adjust your stop/loss once in profit.
Happy trading