Fxprotrader
Short

AUDJPY@BEARISH BAT PATTERN COMPLETION AT KEY RESISTANCE LEVEL

FX:AUDJPY   Australian Dollar/Japanese Yen
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.

Like and comment,
John
i agree with ur EW count and analysis. Alternative counts say that all JPY pairs are in a big triangle mode which should soon give a thrust.. Thanks for posting
+1 Reply
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