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AUDJPY Possible AB=CD harmonic pattern (Counter trend trade!)
Australian Dollar / Japanese Yen
Long
AUDJPY Possible AB=CD harmonic pattern (Counter trend trade!)
By PA-FX
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Updated
Dec 22, 2018
5
Dec 21, 2018
AUDJPY completed an AB=CD at support and with confluence of a fib extension of 1,618. Possible reversal area and could give at a short term bounce.
Dec 22, 2018
Order cancelled
It broke major support and we got a new low of the year, there was no trigger to go long either.
Harmonic Patterns
Trend Analysis
PA-FX
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