GBPJPY - Could CPI data complete this bearish butterfly?
GBP CPI data will be announced in roughly 2 hours.
This is a bearish butterfly pattern that could complete when the data is released.
These are the levels you should pay attention this week if you trade GBPJPY.
Wait for a reaction when the pattern completes before you go short, strongly recommend not to use a pending order to trade harmonic patterns.
EP 148.70
SL 149.10
TP1 147.70 (AD 38.2)
TP2 147.10 (AD 61.8)
This is a bearish butterfly pattern that could complete when the data is released.
These are the levels you should pay attention this week if you trade GBPJPY.
Wait for a reaction when the pattern completes before you go short, strongly recommend not to use a pending order to trade harmonic patterns.
EP 148.70
SL 149.10
TP1 147.70 (AD 38.2)
TP2 147.10 (AD 61.8)