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GBPJPY Bearish Butterfly Pattern in H1 Chart Interval

GBPJPY Bearish Butterfly Pattern in H1 Chart Interval

Instrument GBPJPY
Time Frame H1
Current Price 140.600
Link to Chart
Fundamentals JPY lose groung as a safe have
Brexit optimism
Data to watch Nothing Particular
Technicals MM +2/8 148.420 Extremely Oversold Level Confirms Short Entry
Price broke the fractal line and is likely to fill Butterfly Pattern at 141.400.
short opportunity at D
Main Trend Bullish
Direction in The Chart Up
Pattern/ Signal Bearish Butterfly
Trade Signal Sell
Accuracy 63%
Backtest Performance / Levels
Total Patterns Found 41
Avarage Win 62%
R/R 1:3
Estimated Completion Time 8-16 H1 Bar
Entry 1 141.360
Entry 2
Invalidation Level ( Stop Loss) 141.600
Target 1 141.030 / OK
Target 2 140.850 / OK
Target 3 140.600 / OK
Note: Trade reached all targets and closed. The new interactive chart will be posted.



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

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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