USDJPY Bearish butterfly harmonic pattern

21. Aug. 2018

USDJPY is forming a bearish butterfly harmonic pattern. My intention is to trade the last trendline from C to D. To support the pattern, point C also confluence with the lower trendline of the broadening bottom formation. Consider enter your trade once price bounces off the trendline and starts to move upward.

Trade setup is on the chart

22. Aug. 2018

Trade ist aktiv

95% of take profit 1 is completed. Cash out 1/3 of your position if you feel good enough

22. Aug. 2018

Anmerkung

moving your sl 10 pips above your entry to secure

22. Aug. 2018

Trade ist aktiv

target 1 is reached. Price is parking around 110.41 to regroup. next target might be reach within London session open.

23. Aug. 2018

Anmerkung

Target 2 is reached. minor retraced. If break above 110.60s will continue to move to target 3. Then, harmonic pattern is completed

23. Aug. 2018

Trade geschlossen: Ziel wurde erreicht

Target 3 reached.