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michael6malone

I am shorting the pair to 76.23 with a stop at 76.99.

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
michael6malone Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
2
0
2016Sep15 I am shorting the pair to 76.23 with a stop at 76.99. The target falls on the 78.60% fib level on the retracement.

The pair formed a double top.

The price has been trending lower.

The RSI is not in an oversold position.
Comment:
Fail. My stop was a little short.
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