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surefire-ltd
Jun 7, 2018 1:03 PM

engulfing !! Short

Australian Dollar/Japanese YenFXCM

Description

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.
Comments
surefire-ltd
winner at t1, worth watching for a further bearish run.
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