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TheAlaskanTrader
Aug 21, 2020 10:39 PM

AUDJPY- Bearish...maybe. 

Australian Dollar/Japanese YenFXCM

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So there is a legit argument that AUDJPY is now bearish, rightfully so, it has just between squeezed to the south side of the ascending triangle. That being said, I'm not still convinced. I believe there is possibility we could be looking at a bear trap, AJ could have one bull run left in it before prices see a serious decline. Also just for fun I found a Cypher Pattern that may form up. Good luck everyone.
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