AUDJPY Is Forming A Nice Gartley Pattern

The AUDJPY is forming a solid Gartley pattern on the 4H chart. It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D. This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled.

We will be looking to take this pair long at 89.960 which also coincides close to the figure. You may want to consider placing an order to buy just ahead of the figure just in-case it bounces off the figure. Our stop will be on a break of point X by 10 - 20 Pips. With that said our stop will be 89.100. Profit target will be 91.200 - 91.500