Multiple Factors signaling potential USDJPY reversal (15M Chart)
Multiple charting factors appear to signal potential reversal for USD/JPY on 15M chart.
1. Butterfly Pattern Completion at 110.36. This pattern actually is better plotted on the 5M chart.
2. Huge potential Cup & Handle formation also coincides with the Butterfly Pattern PRZ.
Let's see what happens.
1. Butterfly Pattern Completion at 110.36. This pattern actually is better plotted on the 5M chart.
2. Huge potential Cup & Handle formation also coincides with the Butterfly Pattern PRZ.
Let's see what happens.
Comentarios:
Initial target was hit fairly rapidly!
Not a very large drop, but given that the pattern itself didn't encompass a wide range, I suppose that target is to scale.