AUDJPY: Elliott Wave + Harmonics to Maximize R/R

Kort

Australiensisk dollar/Japansk yen (FX:AUDJPY)

Uppdaterad

FX:AUDJPY Australiensisk dollar/Japansk yen

trendanalysis harmonicpatterns chartpattern elliottwaves wavecount ew glennmercer gmercerfx

Hey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at this level and worth a shot. Cheers

Handel aktiv:

Trade stängt: Stopp nått:

Invalidation level breached!

Kommentera:

Update: Took a long trade on the bullish impulse. +10 pips total combined in both positions. Eyes are now on the CAD as we approach BOC statement

AUDJPY: Invalidation Level Breached; Long Bias

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