JoeNeilCarey
Short

AUD/JPY BEARISH GARTLEY PLUS DOUBLE TOP OFF 0.382 RETRACE

FX:AUDJPY   Australian Dollar/Japanese Yen
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY             , WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW.

A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE .

DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT TERM SELLING CANNOT BE RULED OUT - RSI PIERCING THE OVERBOUGHT MEDIAN LINE ADDS FURTHER CONFIRMATION.
Gartley and crab patterns have the same B-point ratio. It's 0,618-0,786XA. But Gartley's C-point must at least touch 0,618AB if you want it to complete at 0,786AX or 1,272AB. If C-point fails to touch 0,618AB then potential gartley turns into a crab pattern which typically completes at 1,618XA.
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That's a very nice trend continuation pattern! I don't normally trade this pair but you're really tempting me with this one! Thumbs up!
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EverythingForex PRO EverythingForex
Whoops! Sorry. Posted this comment in wrong reply! Meant for another post....
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