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sufiansaid

Pick a direction and make a plan : AUDJPY

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
sufiansaid Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Beyond Technical Analysis Fundamental Analysis aussie yen brunei malaysia AUDJPY riskgauge
3
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trendanalysis beyondta fundamental aussie yen brunei malaysia audjpy riskgauge
I do not know where this pair going to go. Sentiment wise, I see more weakness for the Aussie Dollar due to reports that Westpac has lifted home loan interest rates by 0.14%. Technically, price recently has tested last week's Low (consequently forming this two-week range). Today I am making a plan if AUDJPY going to go down further. Weekly range haven't been hit (135 pips) I've marked several levels in which when the price reaches there, I will wait for one of the following :

1- Bearish Engulfing Cande
2. Dark Cloud Cover

Targets according to the Average Daily Range for the pair (75 pips).

If you like this plan, have me a follow and thank you for reading
Trade closed: target reached
Comment:
Price never hit the levels I marked though.
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