AUDJPY - LONG TERM PROJECTION (DEEP CRAB PATTERN) Monthly Chart

14 ago 2017

This is my long term projection, targeting 800 pips. Currently we are looking at a Bearish Deep Crab forming. So if the price completes the pattern after meet the D point, we will start to see bullish patterns forming. On my short term trade set up on AJ is still short, but soon I'll be going long after a week or two if not three. Therefore my long target will be based on structure as usual. So my second long entry will be based on seeing the price breaks the B - point and set my target at the 161.8% fib ext. since the the Deep Crab pattern forming & mind you, my PRZone is already set on that area by my AXA fib ext.(161.8%) & ABA fib ext.(200%) as the price Potential Reversal Zone. So in long run I'll be able to trap the price once again to the down side after completing the Deep Crab pattern.

Future Long Target:
Tp - 1 = 101.912
Tp - 2 = 140. 968