Interesting setup on the Daily chart for AUD/JPY with a potential bearish bat, as you can see price has recently broke out of a descending channel and heading towards our D point at 88.500.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for additional analysis in the near future :)
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for additional analysis in the near future :)
コメント:
Keep an eye on this price structure on the 4h chart.
コメント:
Price is currently retesting resistance once again, I'll be heavily watching this pair for a shorting opportunity if we break this level.
コメント:
Price is now approaching the potential reversal zone, I'll be looking to short within the grey area.
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In addition, the relative strength index shows price is now over-bought on both timeframes (daily and weekly).