AUDJPY Bat or Butterfly?
This is my personal simple analysis on AUDJPY.
For Entry I would prefer to wait for confirmation on Price Action.
2 Possible Scenario:
1st: Break 4th R, I would likely to buy
and Take Profit at 3rd R.
Reason: Break Small Down Channel
+ Double Bottom
+ Completing Bearish Bat Pattern (extreme entry)
2nd: Going for 4th S and Break .
I would likely to sell and
Take Profit at Previous Daily Support
Reason: Last Push ( Stop Hunt For Daily)
+ Completing Spring Wyckoff Distribution
+ Completing Bullish Butterfly Pattern
For Entry I would prefer to wait for confirmation on Price Action.
2 Possible Scenario:
1st: Break 4th R, I would likely to buy
and Take Profit at 3rd R.
Reason: Break Small Down Channel
+ Double Bottom
+ Completing Bearish Bat Pattern (extreme entry)
2nd: Going for 4th S and Break .
I would likely to sell and
Take Profit at Previous Daily Support
Reason: Last Push ( Stop Hunt For Daily)
+ Completing Spring Wyckoff Distribution
+ Completing Bullish Butterfly Pattern
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