Thought I would share with you all a nice trade that is emerging on the USD JPY pair on the hourly chart.
Beautiful constructed bearish butterfly.
Go short at 102.377
Stop: 102.500 (13 pip risk)
TP1 - 102.042, RR 1/2.57
TP2 - 101.593, RR 1/6
How we are trading this pair…
Open two contracts going short at 102.377
Take part profits at TP1 then bring second contract to break even.
Then either let the trade run or close at TP2.
Any questions let me know.
