mcpeacocks
Short

potential short on AJ coming up on daily?

FX:AUDJPY   Australian Dollar / Japanese Yen
92 1 5
see chart for details - in a nut shell:
- ranging in a rising wedge , that is
- about to hit previous support, now resistance, that
- confluences with 0.5 retracement level of previous swing low, all while
- RSI and STOCHS are (close to) being oversold and topping out...

stops above previous 2nd resistance level
targets indicated -
T1: clone of the wedge base depth
T2: previous support
Trade closed: target reached: Both TP1 and TP2 hit nicely
snapshot

this cypher on the 2hr timeframe maybe a nice entry.
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