AUDJPY Head and Shoulder... Ranging.

FX:AUDJPY   Australian Dollar / Japanese Yen
49 0 2
A head and shoulders pattern looks to have formed on the 4h timeframe, with the pair moving back into a prior range. A break of neckline would give another selling opportunity if previous move down was missed. We also have some divergence on the RSI . First target would aim for .236 fib level, back to the bottom of prior range. A significant break of .236 fib level, out of range, would signify a more predominant move down. If price moves above critical level, at upper end of right shoulder area, then trade would be invalidated in the short term and a better entry should be pursued.

This is just my view of current conditions! Good Luck!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out