Short term bearish scenarios on $AUDJPY - Bearish harmonics
In the chart you can see two harmonic scenarios for $AUDJPY that could present short term bearish opportunity on this pair.
Earlier, before the RBA trade decision, I took a bullish trade that I sent to the Elite Zone members based on Aggressive C entry near 90.3. That trade is already up almost 150 pips and now I'm looking at possible short term pullback towards 91.
This is an Elite Zone setup example I just sent to the Elite Zone members and these are the kind of things we do during our trading week. Finding trade, monitor them and manage them.
In this $AUDJJPY scenario the entry is somewhere between 91.6 and 91.8 as these levels are the PRZs of two harmonic patterns (AB=CD and Bat pattern.
If $AUDJPY will rally towards 91.8-92, it will present a bearish setup, based on the Gartley with a better almost 2.5 Risk/Reward ration.
Earlier, before the RBA trade decision, I took a bullish trade that I sent to the Elite Zone members based on Aggressive C entry near 90.3. That trade is already up almost 150 pips and now I'm looking at possible short term pullback towards 91.
This is an Elite Zone setup example I just sent to the Elite Zone members and these are the kind of things we do during our trading week. Finding trade, monitor them and manage them.
In this $AUDJJPY scenario the entry is somewhere between 91.6 and 91.8 as these levels are the PRZs of two harmonic patterns (AB=CD and Bat pattern.
If $AUDJPY will rally towards 91.8-92, it will present a bearish setup, based on the Gartley with a better almost 2.5 Risk/Reward ration.
