AUDJPY: Potential sell opportunity

Price created a really nice ABCD harmonic pattern correction that found resistance at 100 EMA daily and resistance trend line.On the bigger picture we can have the possibility of an ABCDE move to downside. I am looking for a trend continuation move.

Good Luck!

評論:

Daily chart, where price found resistance at 100 EMA.

評論:

Let's see if this 15 min Gartley pattern will reverse the price to downside.

評論:

Price invalidated ABCD pattern and now is testing the resistance trend line. Be careful as we are in a different situation as price is getting momentum. We can see that in 60 min TF we have still divergences as it can continue with the downside. If the resistance trend line is broken setup will be invalid as we can be ready for the up trend or deeper correction.

評論:

Setup invalid. Trend line is broken.