An amazing butterfly is flying on the GBPJPY .
The D point of the butterfly is a near miss to the major quarter making me projecting the price going short to the next major quarter.
A good set up on this trade could be entering the trade everywhere in the yellow area with a stop loss a few pips above the HH and taking profit rispectivetly at TK1, TK2 and TK3 areas.
Hope you'll find this helpful and let's get some profit.
The D point of the butterfly is a near miss to the major quarter making me projecting the price going short to the next major quarter.
A good set up on this trade could be entering the trade everywhere in the yellow area with a stop loss a few pips above the HH and taking profit rispectivetly at TK1, TK2 and TK3 areas.
Hope you'll find this helpful and let's get some profit.
Trade active:
another pattern forming to break the resistance be ready to hit the first TK and expect a pull back into the yellow zone