AUDJPY Bat or Butterfly?
This is my personal simple analysis on AUDJPY.
For Entry I would prefer to wait for confirmation on Price Action.
2 Possible Scenario:
1st: Break 4th R, I would likely to buy
and Take Profit at 3rd R.
Reason: Break Small Down Channel
+ Double Bottom
+ Completing Bearish Bat Pattern (extreme entry)
2nd: Going for 4th S and Break .
I would likely to sell and
Take Profit at Previous Daily Support
Reason: Last Push ( Stop Hunt For Daily)
+ Completing Spring Wyckoff Distribution
+ Completing Bullish Butterfly Pattern
For Entry I would prefer to wait for confirmation on Price Action.
2 Possible Scenario:
1st: Break 4th R, I would likely to buy
and Take Profit at 3rd R.
Reason: Break Small Down Channel
+ Double Bottom
+ Completing Bearish Bat Pattern (extreme entry)
2nd: Going for 4th S and Break .
I would likely to sell and
Take Profit at Previous Daily Support
Reason: Last Push ( Stop Hunt For Daily)
+ Completing Spring Wyckoff Distribution
+ Completing Bullish Butterfly Pattern
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.