GBPJPY D CHART
BULLISH BUTTERFLY PATTERN
GBPJPY 4HR CHART
INVERTED HEAD & SHOULDER PATTERN
THE BUTTERYFLY 0.382 TARGET IS IN ALMOST PERFECT CONFLUENCE WITH A 200% FIB EXTENSION FROM THE BASIC PATTERN.
SL @ 168.50, ENTRY @ 170.63, TP @ 175.75
208 PIPS : 517 PIPS (RISK : REWARD)
DISCLAIMER: Trade these setups at your own risk. This post is an “educated guess” based upon my technical analysis. If you are trading live, limit your risk to 1% of your account balance. If you have zero experience trading, I highly recommend you start with a demo account before going live. Trading without a strategy and without risk management is no different than gambling. Please trade safe and responsibly!
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