AUDJPY bearish AB=CD pattern Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Jan 5, 2017 11:22 AM

Hi traders,

On the AUDJPY I'm looking to enter short at the completion of this AB=CD pattern. Second target is based on the 38.2% Fibonacci retracement of the upwards move.
Entry: 86.545
Stop: 86.861
Target 1: 86.058 = R:RR 1.53
Target 2: 85.471 = R:RR 3.40

Good luck guys! Updates will follow.

Comment

⋅ Jan 15, 2017 1:35 PM

Getting closer and closer to the entry.