USDJPY: Bearish Butterfly formation ? Long Bias

In 4 hours chart I saw a Bearish Butterfly is forming and the C leg is expected to be completed around 112.4 which is also the recent support on 19 Feb and resistance on 23 Feb & 25 Feb. Therefore the price is expected to reverse from this level to D leg.

DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.

Trade attivo

Commento:

Breakout of triangle? Lets see how market react.
SL moved to breakeven.

Trade chiuso: stop raggiunto:

Hit SL at breakeven with 5 pips profit.