We might have a bat pattern forming on AUDJPY.
Remember that a bat pattern has:
XB is a .382 or a .500 (unfortunately in this case we're over a .500...)
AC is is a .382 or a .886 (we're just above at a .906 here...)
BD is a 1.618 or 2.618 (we'll be just under at the 1.426s)
XD is a .886
and If you zoom out of the chart and look left you'll see we have a little...
If you missed the first train southbound as I wrote some days ago, maybe you can get a second chance; price has been rejected exactly at 93.00 so we might see a further weakness in the coming days. Drilling on a lower time frame respect to my former analysis, we can see how the pair is consolidating in a lateral congestion and we can easily identify a resistance...
