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BlueberryMarkets
Jan 23, 2019 5:15 PM

AUDJPY 4HR HEAD AND SHOULDERS PATTERN: ANALYSIS Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY HAS RECENTLY ENTERED A KEY RESISTANCE LEVEL AND PRICE LOOKED TO HAVE REJECTED ON THE DAILY
CHART LEADING US TO SELL THIS MARKET. LOOKING AT THE 4HR SHART WE CAN SEE A POTENTIAL 4HR
HEAD AND SHOULDERS PATTERN FORMING. IF PRICE CAN PUSH THROUGH THE NECKLINE LOWS
AND CLOSE BELOW, WE CAN LOOK FOR FURTHER SHORT OPPORTUNITIES ON THIS PAIR.
Comments
FXCM
Great idea on audjpy, glad that we have similar bearish bias. Please take a look at our idea and let us know what you think.

BlueberryMarkets
@FXCM-EDU, if we take out those lows then 77.20 looks highly likely!
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