AUDJPY: 2618 & Potential Advanced Pattern Formation

FX:AUDJPY   Australian Dollar / Japanese Yen
As the market looks to retest the previous double bottom , we have a potential 2618 trade setting up starting at the 61.8 Fibonacci retracement level. IF price action rallies higher we may also have and Advanced             Bat Formation setting up as well.

Data is often different from broker to broker in the Forex market so please check YOUR price chart for this pair. My data has the "B" leg falling just shy of the 61.8 retracement which is why I qualify it as a potential Bat Formation & not a Gartley Formation.

Also if you haven't done so make sure you check out my latest article for FX Trader magazine titled "Trade Like A Business: two Steps to help increase your trading productivity" starting on page 79.

Have a great day...or night depending on where you're located!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company

YouTube https://goo.gl/Afk5sG
Facebook: https://goo.gl/VTQngr
Twitter: https://goo.gl/FlH33l
Instagram @AkilStokesRTM
Here's A Free Training Lesson for you on "The Only 3 Ways to Trade"

Make sure you check my Trading Podcast & Videos

Open Enrollment Deals ending on April 30th https://buff.ly/2K6Jbj8
my opinion
+1 Reply
Thanks for sharing your opinion
Nice chart Akil. I agree with the overall directions but have different targets being:
C leg - 75.000
D leg - 76.660

Looking forward to this playing out

+1 Reply
DanLaffas Akil_Stokes
Akil, would you count this as a valid Gartley on the M15?

+1 Reply
Hey Dan, no I would not
Now we might also get a bullish Bat, if we see a retest of the lows, which could go nicely alongside the 2618 trade.
+1 Reply
Akil_Stokes SvyatoslavH
Good analysis, that would be a great combination
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out