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Bullish Butterfly pattern emerging on USDJPY Daily Timeframe. One can also trade the CD leg to the downside if price reverses.
Pattern is invalidated if there is a break above 84.09 (88.6 FR of AB). Entry suggestions …
– Clear trendline break of BC
– Go to hourly chart to time the entry SL
– Above C Targets
– Eventual target is D (79.06).
– Should take partial profits before then (posibly at 61.8/78.6 FR of XA, Pt B)
Trade going in the right direction, but the move hasn’t been very strong. Since identification at 83.115, the price has moved about 60 pips to 82.515 as of now – exactly at 50% FR of XA. I would look to take partial profits at this stage & move SL to break even.
One618 Trading Blog 
Trade going in the right direction, but the move hasn’t been very strong. Since identification at 83.115, the price has moved about 60 pips to 82.515 as of now – exactly at 50% FR of XA. I would look to take partial profits at this stage & move SL to break even.