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BeaucoupPips

AUDJPY Gartley pattern short, Public Journal #4

Australian Dollar / Japanese Yen (FX:AUDJPY)  
BeaucoupPips Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Gartley Fibonacci Candlestick Analysis AUDJPY gartleypatern Bearish Gartley
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gartleypattern fibonacci candlestick audjpy gartleypatern bearishgartley
AUDJPY has been trending up for a long period of time and then got exhausted. Price has entered a distribution phase where it pills up orders to trick traders to go both ways, long or short. I've waited for price to lure traders into it's trap then reveal the main move. Price showed it's move which took out traders going long and decided to go bearish. Now within that move, I've noticed a Gartley pattern forming. Now I wait for price to hit the D point which aligns with the resistance of the distribution phase.
Order cancelled:
Missed out entry and continued with the trend
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