Multiple Factors signaling potential USDJPY reversal (15M Chart)

Multiple charting factors appear to signal potential reversal for USD/JPY on 15M chart.

1. Butterfly Pattern Completion at 110.36. This pattern actually is better plotted on the 5M chart.
2. Huge potential Cup & Handle formation also coincides with the Butterfly Pattern PRZ.

Let's see what happens.

ความคิดเห็น:

1st Target: 110.122 (B Point)
Not a very large drop, but given that the pattern itself didn't encompass a wide range, I suppose that target is to scale.

ความคิดเห็น:

Initial target was hit fairly rapidly!