Potential Bullish Bat completing on AUDJPY 1hr. Will be watching how price reacts around the 88.6 level of XA for a reversal.
88.6 XA Confluence Projections: BC = 2.618
AB=CD completion = 1.618
Potential Bullish Bat Harmonic pattern forming on the 1hr chart.
Price clusters at the 88.6 of XA are:
BC projection = 2.00
AB=CD has a 78.6 retracement with reciprocal ratio completion at 127.2 just beyond the 88.6 of XA level.
Potential bearish bat forming. Extension levels are converging nicely for a tight range at 88.6 of XA. Price action observation at this level for a potential short.
