EUR/JPY - Bullish Butterfly

15 gen 2018

At the end of 2018, we could see higher highs for the EURO. However, headed into the coming months, my long term bias is a slight push to the upside, before the bears push price back down to its median. We could see the playout of a bullish Butterfly setup within the next few months. This trade is for long term holders who could trade price from the C > D leg and then execute a buy order, or wait for the pattern to complete and trade price intra-day until then. A trading setup to store at the back of your head. 15/01/2018 j_founder98