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AUDJPY@BEARISH BAT PATTERN COMPLETION AT KEY RESISTANCE LEVEL

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Fxprotrader  
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY Elliott Wave wavetheory Bat Harmonic Patterns
15
2
audjpy elliottwaves wavetheory batpattern harmonicpatterns
Price in AUDJPY has completed a 5-3 elliott wave cycle (truncated fifth wave) with abc being a flat correction. At the end of wave C we can see a bat pattern completion with its D point testing a key resistance zone (triple top). The pattern has a tremendous risk/reward ratio more than 7:1.

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John

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