USDJPY - Bearish Butterfly Harmonic Pattern

Hey Guys

Spotted this one on the US Yen pair.

This morning my analysis was to sell at the 141.4 Fib extention - it got filled

then i realized this was in play (Bearish Butterfly)

Happy trading guys

Cheers

Howard

(#Forex_Trader168)

*Updated 3:21PM GMT
Took profits at around 29 pips / 25pips / 10 pips (3 levels)

AUDUSD Daily Outlook for 20th December 2013 (Friday)

AUDUSD Daily Outlook for 20th December 2013 (Friday)

Daily Chart

• On the daily chart it broke through the August 30th Lows / broke through 100% full retrace
• Because of this we expect the market to go lower after retrace and towards 0.870

Hourly Chart

• Market was trading within range yesterday, however at the time of writing it has broke up from the range yesterday,
• We are aiming for the market to go up to Daily Pivot R2 and go short from there
• At that level there is a 61.8 retrace, and FE100 which gives room to short to go back to FE127 at least

Outlook Trade opportunity

Our Short limit placed at 0.89050 - for around 30pips partial tp, and let market play down to new lows. Lets hope we get filled

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below