MaiTrader

AUD/JPY: GARTLEY & SUPPLY ZONE BEARISH SETUP 15M

FX:AUDJPY   Australian Dollar / Japanese Yen
As you can see above, the latest swing high at 93.636 was just a few pips away from completing a gartley pattern . Price is currently printing HH and HL indicating an uptrend, and providing a possible scenario where we could see price make a final stretch completing the gartley , and testing the supply zone before making a stronger reversal.
Also, price has completed a bearish bat pattern to the T (seen on 4H), confluence with a strong supply zone , which provides extra confirmation of a possible downtrend.

I have highlighted an immediate demand zone where we could see price retrace.

Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis.

Thanks
MaiTrader
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out