AUDJPY Bat or Butterfly?

2021년 8월 8일

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