AUDJPY
Sell the 61.8% retracement, Buy Bullish patterns when completed; IF=THEN ®
First things first:
The Big Cypher
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D: (Enter Long)
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Next:
The Double Top (eventual 2618 setup) - how to trade a double top - link below *
1. Broken neck
2. The price found supportMN1 and start to recover but has been rejected close to previous support now resistance (grey line)
3. IF we get the 61.8% retracement the 2618 setup is completed and we will be in a good risk/reward situation to enter short (check price action);
4. AB=CD basic pattern as first target (synced with the 61.8% retracement from all bulls move from X to C points);
4. Second target, close to the 161% extension, also synced or close to point D for Major Cypher Pattern around the 65$, it can be extend around the 227% around the 60$.
IN THE MIDDLE:
EVENTUAL SMALL BAT IF the price break the supMN1*
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Ratios:
Double Top:
Safe trades;
open.spotify.com/tra...Ot3H9dmRTgnLNQRgq1b5
