UPDATE: AUD/JPY Short Trade

The AUD/JPY Short trade off of Weekly chart is still valid.  This is a longer-term time-frame, so be patient.  Trade will be invalidated only if price goes above High of the Bearish Engulfing candlestick pattern, around 98.66.  Be patient.

Happy Trading,

CTW

AUD/JPY - Bearish Gartley & Bearish Engulfing Candlestick

AUD/JPY has formed a Bearish Gartley pattern on Weekly chart.  Also, last week put in a Bearish Engulfing candlestick.

NZD/JPY - 4-hr. Chart / Bearish View

NZD/JPY forming a potential Gartley/Butterfly pattern. (See Price Patterns section of HarmonicTrader.com for more information on Gartley/Butterfly patterns).   I have highlighted the area where there is a higher probability of reversal.  Watch for candle signals at these levels for more confirmation!  Similar patterns can be seen on 4-HR. charts of AUD/USD, NZD/USD and AUD/JPY.  Have a great week!

AUD/JPY 3-Drives BUY Pattern - Daily Chart

3 - Drives BUY Pattern has formed on AUD/JPY Daily chart.  The pattern is further confirmation of our Long AUD/JPY trade off of a Bullish Butterfly pattern.  Also, the AUD/JPY gapped down today from Friday's close.  It closed Friday @ 84.10 and opened Sunday @ 83.91.  These gaps or windows are usually closed by the end of the next trading day.

AUD/JPY, 3 - Drives Pattern : Daily Chart

AUD/JPY Butterfly BUY Pattern - Daily & 4-hr. charts

Bullish Butterfly pattern has formed on Daily AUD/JPY chart.  Reason for trade: AB = CD pattern.  D projection comes in at about 84.12.  Candle spiked down to 83.97 just above the 127.2% ext. level.  Hammer or Doji may be forming on Daily chart.  4-hr. chart shows same Butterfly pattern.  Possible Bullish Engulfing candlestick pattern on 4-hr. chart.  Profit targets at 85.75 (38.2%), 86.30 (50.0%), & 86.85 (61.8%).

AUD/JPY Butterfly Buy Pattern - Video

AUD/JPY - Bearish Gartley Pattern - Weekly Chart

AUD/JPY has formed a Bearish Gartley pattern on Weekly chart.  Also, a Bearish Engulfing candlestick pattern has formed.  Trade would be invalidated if price goes above 88.62.  This trade will require some patience, but can be very rewarding.  Profit Targets at 38.2%, 50.0%, and 61.8% drawn on chart.