King Crown in Daily and making lower low in two hours time frame. possible to sell AUDJPY nextweek.
Bat pattern + ABCD harmonic move audjpy
FX:AUDJPY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades;
Aussie dropped as expected from the beginning of the week against Yen after a strong rally. This retracement might continue for next few days as BOJ in not planning to add any stimulus. Commodities might pick up and that can drive Aussie higher. From technicals perspective 50% Fib retracement with support zone might be a good buying place for a longer term carry trade.
AUDJPY 4H BEARISH GARTLEY SELL SETUP
AUDJPY Currently in a strong downtrend from higher TF -Simple trendline break trade here -Rules: break and close below on at least the hourly retest of the broken area of course rejection of that area -Apply risk/reward and money management -Have a couple of targets -Jump in Happy trading!!!!!
FX:AUDJPY BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD Safe Trades; open.spotify.com
AUDJPY is in a smaller corrective structure right now and I am expecting another fall soon before we enter into a deeper weekly correction which would probably be due very soon so this maybe another good entry point to short the pair.
Looks like we have an ending diagonal and the bears have already jumped in full force with bull trend line and support trend line broken opening up the possibility of bigger targets on the downside.
Gartley pattern formed, Bat pattern still emerging, waiting a strong reversal signal in Daily chart to short AUDJPY. Target we will aim 87.33 and Stopped will be at 92.86
FX:AUDJPY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext B C 261% ext B C Targets: TP1 61.8% CD TP2 127% CD Safe Trades;
With regard to my earlier view of the AUDJPY structure breaking and paving view for further down side, while waiting for the confirmation today it looks like we have an opportunity to grab up a 100 pips or so with a risk reward ratio roughly greater than 1:1.