EUR/JPY Butterfly Formation
This formed on the 30 Min, right at TL support. There is potentially a larger Bat Formation in play, which could be sought out if Point B is broken by BAMM Method. This is a small risk but a very big reward so it was trade I was inclined to take. The EUR/USD is at it's own PRZ which could provide some strength for the EUR to propel this forward.
The ramifications of FOMC are still manifesting so it wouldn't be shocking to see my multitude of PRZ's broken down due to the strength of the preexisting trends.
This formed on the 30 Min, right at TL support. There is potentially a larger Bat Formation in play, which could be sought out if Point B is broken by BAMM Method. This is a small risk but a very big reward so it was trade I was inclined to take. The EUR/USD is at it's own PRZ which could provide some strength for the EUR to propel this forward.
The ramifications of FOMC are still manifesting so it wouldn't be shocking to see my multitude of PRZ's broken down due to the strength of the preexisting trends.
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