CapMoore

Price may drift to ABCD pattern completion

FX:AUDJPY   Australian Dollar/Japanese Yen
163 1 2
Price has almost reached the completion of two ABCD
patterns within a large daily ABCD with completion right at
the tops from 2007 around 108.The 76,4 fib of larger and
minor pattern has become a support and resistance level
at 95,30. Longs that aim for 97,5 and 100 should be
place below this level around 94,50. 100 level is the1,61
Butterfly sell level and a ABCD 127ext D point. Price has
stopped at 88,6 fib of CD leg and coiled below it and above
95 level but price now attemps to look higher.
Yes, I can also see a lot of bullish potential in this pair.
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