EURJPY - Bearish Butterfly

14 feb 2021At this moment the market is showing a Type2 Bearish Bat Pattern, Aggressive Trader can consider a shorting opportunity for the setup. The 1 thing you need to take note of is the trendline, once it reaches the trendline level, you have to shift stop to entry, that will prevent you from making unnecessary losses.

Conservative trader can wait out for confirmation, a bearish butterfly pattern is possible and it's looking to complete at 127.67.