AUD/JPY - Price Structure

Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell AUD/JPY.

Since predicting the bearish bat pattern price has reached 88.176, 50 pips off the potential reversal zone.

I'm expecting one last push up to 88.600 to complete the pattern before going short!

Please feel free to leave your opinion below.

Commentaire:

Price has just broke the trendline and closed below but I suspect a false breakout, although AUD is weak at the moment.

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786