AUDJPY"We can identify three different patterns between 74.777 and the most recent 4h fractal resistance forged at 75.674.
The (orange) bearish shark pattern, the bearish butterfly pattern (blue), and the three drives reinforced by the 4h fractal resistance.
Default targets for the harmonic patterns between 74.177 and 73.504, the 38% fib retracement levels."
- forexanalytix by André Cardoso
Note
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.