AUDPJPY - ALT BAT PATTERN Weekly Chart (FUTURE PRICE MOVEMENT)

11 thg 8, 2017

As a long term investor, I'll be looking to hold this pair for weeks. I thought I should share my technical analysis overview. I anticipate the price to hit the 70.00 mark in the next come weeks after I classified a very nice Alt Bat Pattern formation. So just to support my analysis, I saw the price pullback testing the 38.2% fib retracement, and the price failed to break the previous high(A point). I knew that there was a very unique pattern called an Alt Bat Pattern. The D point of this pattern usually get met at a 113% fib ext. hence that is why I am planning to hold my short positions for weeks. so as a long term investor I target big moves. I'll be also looking to go short again when the price breaks the breaks the B point and look for a structure to continue going short.

In simple terms, I am actually following the order & flow of the market & Harmonic patterns are boss when it comes to that. :)

Lets see how this plays out. :)