ollyt33

GBPJPY Bearish Butterfly

Short
FX:GBPJPY   British Pound / Japanese Yen
Stops are ATR based if a reversal candlestick formation occurs within the sell zone. Once the trade is open, profit targets are determined by the .382 & .500 C-D leg retracements. The fibs should be stretch from C to the highest D point if price continues higher.

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