glennmercer
Short

AUDJPY Short: Potential Bat Inside An EW Triangle

FX:AUDJPY   Australian Dollar/Japanese Yen
Hey traders! Check this out. We have a nice corrective structure rolling out in the form of a symmetrical triangle. Wave-((e)) is involved with prolonged sideways movement and may present a great opportunity to trade a bearish bat down toward the bottom barrier of the triangle. Exact entry will be assessed as price enters the PRZ of the bat. I will likely enter on 1=5 projection or on the pullback after a bearish impulse. Updates to come
Comment: I still love a short here at the potential completion of a bearish bat! Check out the updated wave count here:
AUDJPY Wave Count:  Upcoming Rally Toward Bat Completion
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