themarketzone

Short term bearish scenarios on $AUDJPY - Bearish harmonics

FX:AUDJPY   Australian Dollar/Japanese Yen
In the chart you can see two harmonic scenarios for $AUDJPY that could present short term bearish opportunity on this pair.
Earlier, before the RBA trade decision, I took a bullish trade that I sent to the Elite Zone members based on Aggressive C entry near 90.3. That trade is already up almost 150 pips and now I'm looking at possible short term pullback towards 91.
This is an Elite Zone setup example I just sent to the Elite Zone members and these are the kind of things we do during our trading week. Finding trade, monitor them and manage them.

In this $AUDJJPY scenario the entry is somewhere between 91.6 and 91.8 as these levels are the PRZs of two harmonic patterns ( AB=CD and Bat pattern .

If $AUDJPY will rally towards 91.8-92, it will present a bearish setup, based on the Gartley with a better almost 2.5 Risk/Reward ration.
Great View! Thanks for this Gartey BEARISH HARMONICS
+1 Reply
Thanks!
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out