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EagleTrades
Feb 10, 2015 9:13 PM

Consolidation before breakout in AUDJPY Long

Australian Dollar/Japanese YenFXCM

Description

Looks ready to resume bullish bounce as price consolidates in a pennant pattern after completing an inverse head and shoulders. I think we will probably retest the main descending resistance for the major bearish trend which is near 94.50 swing high
Comments
EagleTrades
oops, bad one
Technician
But had good reasoning anyway.. BTW there is still a chance for a bounce here, look at that pin bar, but if the low of the bar is taken i think we might head even lower
Technician
Always impressive ideas
EagleTrades
Thanks
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