AUDJPY Short

in forex •  7 years ago 

Good morning guys.

I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern , also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases to add confluence to the bullish pattern .

Screen Shot 2017-11-12 at 17.15.15.png

The bigger picture can be seen below, where price has previously stalled/reversed around the D level.

Screen Shot 2017-11-12 at 17.15.45.png

Gartley ratios:

X:B = 61.8%
A:C = 38.2%:88.6%
B:D = 127.2%:161.8%
X:D = 78.6%

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