Chinedumnweke

INSANE AUDJPY setup!!!

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FX:AUDJPY   Dólar Australiano/Iene Japonês
Its always breathtaking when beauty shows itself. Since the end of the first quarter of 2013, price has been falling. I am mostly interested in the downward spikes (Circled) that happened and what followed after as the key to understanding what can potentially be. I have divided this market events into 2 mirror parts, the only difference being in scale. Macrocosm would then represent the greater scale and Microcosm, lesser scale. If you consider how well the parts mirror themselves, it is possible that price is repeating itself. So in essence, Price is forming a double bottom to rise and form a head and shoulders before dropping, realigning with the 7 years downtrend. Even though price has reacted to area of support in the past, if the market indeed is repeating this pattern, then the support may not hold. Note how the retracement in Macrocosm cleared out the first group of previous highs and reversed at the second after the downward spikes. Also note the resistance confluence around that area too! Trades may then be placed in harmony of the map, should price move this way. What do you think about this?
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