AUDJPY: Bearish Bat patter

٣ يناير ٢٠١٨

AUDJPY completed a bearish Bat pattern in a strong resistance zone at 61.8% of the daily fib.ret from 21/09/2017 to 27/11/2017.
Be careful as we are in a strong 3-rd wave up and price can extend higher. Otherwise if this is the correction of the wave down from 21/09/2017 to 27/11/2017 than we can see prices to test lower levels from those of harmonic targets.
I am waiting for any confirmation.

Good Luck!

٤ يناير ٢٠١٨

ملاحظة

60 min bearish bat pattern completed on the zone where i am looking for the reversal. Price created also a potential small double top. In this situation if price will break the top than we have the confirmation that we are inside an expanding flat and not inside a bearish pattern and price can test the red zone before moving down. Small risk involved and targets are those of the bigger bearish bat.

١١ يناير ٢٠١٨

ملاحظة

First target reached.

١٨ يناير ٢٠١٨

ملاحظة

Another short entry. After price reached the first target retraced almost to the top and formed another bearish bat 60 min.

٢٣ يناير ٢٠١٨

ملاحظة

Harmonic targets for the 60 min bearish bat both reached. I am looking on AUDJPY for more downside as long as we have a bigger 240 min bearish BAT (yellow). We can see a correction at this zone before the down trend resume again.

٦ فبراير ٢٠١٨

ملاحظة