07/04-2020: AUDJPY BEARISH SIGNAL
On March 31 07:00 gmt +1 i shared this post:
Its clear that we are now trading back at the resistance level or Gartley PRZ (potential reversal zone)
We now see a bat pattern formation, completing at the same PRZ as the Gartley. The chart appears to be forming a double top confluenced by a major resistance level anticipated by the advanced pattern formations.
The RSI indicator is also showing hidden bearish divergences, anticipating a trend continuation.
I am taking this chance as an opportunity to get back in this trade. My targets will be the previous lows around 64.5
Good luck to all trading AUD/JPY!!
On March 31 07:00 gmt +1 i shared this post:
Its clear that we are now trading back at the resistance level or Gartley PRZ (potential reversal zone)
We now see a bat pattern formation, completing at the same PRZ as the Gartley. The chart appears to be forming a double top confluenced by a major resistance level anticipated by the advanced pattern formations.
The RSI indicator is also showing hidden bearish divergences, anticipating a trend continuation.
I am taking this chance as an opportunity to get back in this trade. My targets will be the previous lows around 64.5
Good luck to all trading AUD/JPY!!
Comment:
not a bat but with resistance at 113% XA its an alt bat:
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