BEARISH BUTTERFLY PATTERN ON 1H AUDJPY

31 mag 2016

Butterfly pattern finishing on 1H AUDJPY with .886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.

31 mag 2016

Nota

Trade is active.

31 mag 2016

Nota

We´ve got a double top @ 80.644 to favor a short entry or, in my case, an increase in the position.

31 mag 2016

Nota

TP. trade closed.