glennmercer
Short

$AUDJPY Short: Wolfe, 2 Crabs, Pivots, Divergence, Overbought

FX:AUDJPY   Australian Dollar/Japanese Yen
AUDJPY             has completed a bearish Wolfe Wave setup in the PRZ of two confluent bearish harmonic crabs. RSI is overbought and has printed bearish divergence. To add to bearish bias, two unhit pivots sit below price. SL is placed above the PRZ with target at .618CD (yellow crab ).

Confluence in the PRZ:
  • Two bearish crab patterns complete
  • Bearish Wolfe wave setup
  • Unhit daily pivot below price
  • Missed daily pivot below price
  • RSI overbought
  • Bearish RSI divergence

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