GBPJPY SHORT: 3 Harmonic Patterns + Wolfe Wave + Pivots

23 ott 2015

GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X.

KILL ZONE CONFLUENCE:

• Bearish cypher pattern completion
  
• 2.24AB=CD (cypher)
  
• 1.618BC projection (cypher)
  
• Bearish bat pattern completion
  
• 1.272AB=CD (bat)
  
• 1.618BC projection (bat)
  
• Bearish crab pattern completion
  
• 1.618AB=CD (crab)
  
• 2.382BC projection (crab)
  
• Bearish Wolfe Wave setup
  
• Unhit weekly pivot below price
  

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