Breakout from this trendline could result in bearish movement for about 40 - 50 pips. Breakout from resistance zone at 0.9555 could result in bullish movement for an equal 40 - 50 pips. I am biased short, but ready to go long based on what the market tells me.
Bat Pattern B at 38.2 of XA and c point at 78.6. Most important 88.6 of XA is the trigger.
USDJPY Butterfly pattern which can be entered when the markets on Monday. B point at 78.6 of XA and C point at 50.0 of AB. Price has not hit the 1.272 of XA leg which is the main ratio for a Butterfly pattern. It has completed a AB = CD. Looking for an entry first thing on Monday, check out for the entry on Monday !! Until then happy weekend!!
A perfect Gartley setup on AUDJPY XA 61.8 & AB 61.8
Potential Cypher, ABCD patterns and supply zone
Sell at 1.3145 with stop at 1.3195 Target 1.3129
Clear bearish impulse leg that makes lower lows. Bearish momentum in higher timeframes. 1.6350 entry area acts as support and resistance before. entry & exits are just in my opinion.
Sell at .8391 with stop at .8415 target at .8369
Declining RSI (14). Strong resistance. MacD and K.S.T. (Know Sure Thing) about to cross. Weak fundamentals
Nothing complicated in this chart, head shoulders are very clear and the candle patterns are pretty simple.