Trading Idea on AUDJPY with Bearish Butterfly and Deep Crab
Bearish setup on AUDJPY with two Harmonic patterns showing
a possible reversal.
1. Bearish Butterfly with a well extended D leg of 1.618XA
2. Bearish Deep Crab with 2.618 extension of XA
Price is currently at a supply zone and has created a double top
with a bearish regular divergence on both H1 & H4
I'm also projecting a head and shoulder price pattern
an instant sell at current price 80.455, SL @ 81.000 and TP @ 78.939
a possible reversal.
1. Bearish Butterfly with a well extended D leg of 1.618XA
2. Bearish Deep Crab with 2.618 extension of XA
Price is currently at a supply zone and has created a double top
with a bearish regular divergence on both H1 & H4
I'm also projecting a head and shoulder price pattern
an instant sell at current price 80.455, SL @ 81.000 and TP @ 78.939