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Andre_Cardoso
Apr 4, 2016 1:09 AM

(1h) Bearish 2618 rolling // Eventual Bat pattern // IF=THEN ® Short

Australian Dollar/Japanese YenFXCM

Description

FX:AUDJPY

Double top, followed by a 61.8% retracement;
Inicial Target as an AB=CD @141% ext.

Point B for eventual Bat pattern closing below the 50% retracement, but let's see... There's a cluster/projection at the zone below, synced with the ABCD and the harmonic...

tradingview.com/u/Trading_Jazz/

Safe Trade;



Comment

Cluster
Comments
Andre_Cardoso
The best live example of 2618 pattern, ultimate target reached at 261% extension! - Double top followed by a 61.8% retracement / first target an AB=CD pattern (127-141 ext) / Second target few pips below at 161% extension - Third and ultimate target, the 261% extension. For some reason it's there ;)

waterman
A very good setup. Thanks dude !!
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