USD/JPY Bullish Butterfly Pattern
Bullish opportunity for USD/JPY.
Enter once price has closed above point B or between 112.70/80, just to be on the safe side taking into account the
economic news to published @ 14:30, or enter after the news.
Place stops below 112.60.
Target 1: 113.14
Target 2: 113.33
Keep an eye on the DXY, which is currently reaching oversold territory on the daily time frame.
Also check the DMI indicator for a possible crossover to indicate further bullish pressure.
Happy trading
Enter once price has closed above point B or between 112.70/80, just to be on the safe side taking into account the
economic news to published @ 14:30, or enter after the news.
Place stops below 112.60.
Target 1: 113.14
Target 2: 113.33
Keep an eye on the DXY, which is currently reaching oversold territory on the daily time frame.
Also check the DMI indicator for a possible crossover to indicate further bullish pressure.
Happy trading
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