AUD/JPY Head & Shoulder Pattern :p

1 Jul 2015

Well i tried drawing the elliot waves, and after drawing all waves, it looks like head & shoulder pattern. I think Price can fall again below the Golden Ratio 0.618 area.....As if we note the gap, it shows that price broke below this neckline earlier...but made a temporary swing from 38.2% area.....According to the daily time frame, it is still possible to see this happen

TP target is expected to be around 92.07¥.

SL will be 97¥

Good luck :)