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
– Above C
– Eventual target is D (79.06).
– Should take partial profits before then (posibly at 61.8/78.6 FR of XA, Pt B)