The measurements for a valid are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
I'm seeing signs of divergence, confirming the reversal at 1.07200.
To further validate this move I have been watching AUD/JPY for two months and it is now ready to sell (chart shown below).
I hope you all have a great week of trading :)
∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital
The head and shoulders was considered valid as price closed below the neckline.
However the bearish shark pattern still has potential.