USDJPY: Bearish Butterfly formation ? Long Bias

1 Mar 2016

In 4 hours chart I saw a Bearish Butterfly is forming and the C leg is expected to be completed around 112.4 which is also the recent support on 19 Feb and resistance on 23 Feb & 25 Feb. Therefore the price is expected to reverse from this level to D leg.

DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.

1 Mar 2016

İşlem aktif

6 Mar 2016

Not

Breakout of triangle? Lets see how market react.
SL moved to breakeven.

9 Mar 2016

İşlem kapandı: durdurma seviyesi

Hit SL at breakeven with 5 pips profit.