BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

٣١ مايو ٢٠١٦

Butterfly 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.

٣١ مايو ٢٠١٦

ملاحظة

Trade is active.

٣١ مايو ٢٠١٦

ملاحظة

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

٣١ مايو ٢٠١٦

ملاحظة

TP. trade closed.