AUDJPY seems to respect psychological numbers, last Friday we saw strong bounce from 91 level, I'm expecting similar reaction from 95.5 . SL is moved above structure for additional protection. I think it's good to wait for entry reason like double top at 15m.
We have quite good trend continuation opportunity, hour candle was closed below 11.500 which seems to be key level. When we look at D leg, we can see 3 harmonic moves, that gives some indication similar to 3drive that we are on edge. I believe that Greece news were already implemented on chart, RSI is quite high so we might see some pullback.
We have nice trend continuation, X leg of pattern was rejected by market extremely strong that's why I'm expecting that we can see similar reaction on D leg. Currently X is penetrated but 1h candle was sucked back so it's still valid pattern. Current reward/risk ration is 1.6, so when we know that Gardley has 60-70% completion rate it's quite good option.
Currently we have correction on Euro which might push to entry point of butterfly. It looks like we will have also ABDC pattern at entry point. At this level we have structure so we can expect painless trade to T1.
It looks like we have another harmonic move similar to previous, this time Cypher pattern is valid. ( expect small peak on C leg ) . Trade with overall trend what means that on GBP pairs we have strong probability for T2. From C to D there was forming ABCD pattern, which was broken, but our entry point was close to 1.618 extension of AB leg of ABCD.