AUDJPY Bullish Shark And Bullish Butterfly Harmonic Pattern
Pair / Instrument: AUDJPY
Time Frame: H1
The trend in the Timeframe: BEARISH
The trend in the Daily Chart: BEARISH
Description: We have two Bullish Harmonic Patterns. The first one is on the bigger chart timeframes Bullish Butterfly completed at 81.42 and the second one is Bullish Shark – The red one in the chart – in which the area of entry starts at 81.70 with the extension to 81.40. We will look for a Long opportunity at 81.42 based on the Bullish Butterfly Patternç
Trade Based On: Bullish Butterfly
Stop Loss: 81.20
Take Profit 81.70
Take Profit 2: 82.10
Note: Wait for the entry notification.
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDJPY Bullish Shark: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility