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surefire-ltd

engulfing !!

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
surefire-ltd Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
1
1
trendanalysis harmonicpatterns chartpattern
Watching this closely to see if it plays out. Nice engulfing pattern. Rsi in middle of range, EMA has moved above candles so potential for a down trend to begin.

Good luck !!
Comment:
Bit further to add, on the 240 chart the pair is currently ranging and is trading towards the top of that range. There is some significant longer term downside potential here.
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