Hi guys,
plain and simple: this is an harmonic pattern (specifically a Gartley Pattern) that's been setting up on AUDJPY. Its B point is very deep, therefore its D completion point will come at a very low level, giving us an amazing RR ratio for this kind of patterns. As usual, stops below X, targets at 382 and 618 of AD. Trade safe!
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
plain and simple: this is an harmonic pattern (specifically a Gartley Pattern) that's been setting up on AUDJPY. Its B point is very deep, therefore its D completion point will come at a very low level, giving us an amazing RR ratio for this kind of patterns. As usual, stops below X, targets at 382 and 618 of AD. Trade safe!
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!