BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

31 maj 2016Butterfly pattern finishing on 1H AUDJPY with .886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.

31 maj 2016

Komentarz

Trade is active.

31 maj 2016

Komentarz

We´ve got a double top @ 80.644 to favor a short entry or, in my case, an increase in the position.

31 maj 2016

Komentarz

TP. trade closed.