elpadrinoo

Potential AUDJPY reversal , Harmonic Bat Pattern

OANDA:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is making its way up into a highly rejected price zone , as you can see its already slowed up and started rejecting now that its inside the zone of a orderblock on the daily time frame . The Price action is forming a beautiful harmonic bat pattern . For the pattern to be valid wait for price to extend into the harmonic entry zone and show signs of rejection/reversal . A bearish engulfing candle would be a great confirmation . Take profit targets will be price structure levels . TP1 should be about 28-30 pips or more , TP2 is around point A and the Fair Value Gap . TP3 is the sell side lquidity level clearing out old liqudity voids.
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