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EURJPY Butterfly Pattern and Short Opportunity

EURJPY Butterfly Pattern and Short Opportunity

Description: EURJPY is testing the 129.000 resistance. Breakout of 129.100 / Trendline would carry the price 129.400-129.500 region. A potential bearish correction based on a Butterflt Harmonic pattern is predicted at D.

Pair / Instrument: EURJPY

Time Frame: H1

Trade Period: Intraday

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Neutral

Trade Based On: Bearish Butterfly

Accuracy: %97

Recommended Lot Size: 0.10 at 10K

Trade: Short

The Area Of The Entry: 129.400 – 129.500

Stop Loss: 129.650

Target 1: 129.200

Target 2: 129.000

Target 3:

You can follow the trade setup: EURJPY Bearish Butterfly

You can check  our signal results

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURJPY Butterfly Formation and Short Opportunity:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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