Chart USDJPY : Bearish Butterfly Pattern

Good morning traders,

USDJPY formed a bearish butterfly pattern. I´m entering short at current levels with SL above 115 and 1st target at 113.15 and second target of 111.4

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Good luck

Josep Pocalles

Trade ist aktiv:

First target achieved, close 50% position and remaining at break even

Have a great trading week !