AUD/JPY reached a high where sellers have taken control; we can see buyer rejection and a resurgence of selling pressure. I am entering short positions from the 114.900 level and sharing this idea because there is still time to get in.
We are looking at a harmonic pattern.
We see trend breaks.
We see highs and key zones.
Let's wait and hold the short positions until at least 50% of the H1 harmonic pattern plays out; there is also a harmonic pattern on the D1 chart with a potential move exceeding 1,500 pips.
We just need to wait for confirmations to complete the harmonic pattern on the daily timeframe.
We are looking at a harmonic pattern.
We see trend breaks.
We see highs and key zones.
Let's wait and hold the short positions until at least 50% of the H1 harmonic pattern plays out; there is also a harmonic pattern on the D1 chart with a potential move exceeding 1,500 pips.
We just need to wait for confirmations to complete the harmonic pattern on the daily timeframe.
Trade closed: target reached
Objective achieved; 330 pips of profit secured.I am keeping the daily position open, with an expected 1,500 pips of profit yet to be realized.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.