A Bat may be forming.
entry: 0.73484, short
2 targets: at .38 and .618
Forming BAT LONG
entry: D: 0.7642
A short term move to the upside is predicted from the Fibonacci .786 in this CYPHER harmonic pattern.
Could form Bat Harmonic at 1.4387. Price would go up from there, perhaps.
Early development of BAT harmonic pattern in CAD. If price action continues to trend down to D.
D point: .30315
At this point one enters a BUY order to go long, set your target (s) and stop loss and observe.
beauty, cypher is touches point D at .7265, then it may go down.
Approaching tigger for Cypher (D) 1.07320
NOT so sure about this X point, here it is anyway.
What do you think ?
If price action trends up to 0.7910, triggers point D, for a short.
May have a Cypher Bull pattern if price action declines to 1.144, triggering a little bull rally.
IF price action doesn't take out point c FIRST.
Possible Cypher Harmonic Pattern: if .76096 is reached in a downward move from C.
At that point the price may turn upward.
Cypher Harmonic pattern triggered point D at 86.13, SHORT
I marked the D point for the Gartley Bull. Looks like it worked.
Looks like a possible C point for a Cypher pattern on AUD/JPY. I'll be looking for a D point to form around: 86.23