Trading Idea on AUDJPY with Bearish Butterfly and Deep Crab
Bearish setup on AUDJPY with two Harmonic patterns showing
a possible reversal.
1. Bearish Butterfly with a well extended D leg of 1.618XA
2. Bearish Deep Crab with 2.618 extension of XA
Price is currently at a supply zone and has created a double top
with a bearish regular divergence on both H1 & H4
I'm also projecting a head and shoulder price pattern
an instant sell at current price 80.455, SL @ 81.000 and TP @ 78.939
a possible reversal.
1. Bearish Butterfly with a well extended D leg of 1.618XA
2. Bearish Deep Crab with 2.618 extension of XA
Price is currently at a supply zone and has created a double top
with a bearish regular divergence on both H1 & H4
I'm also projecting a head and shoulder price pattern
an instant sell at current price 80.455, SL @ 81.000 and TP @ 78.939
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.