dojitrader

Looking For An Extended Shark Near Resistance

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
1
A "regular" Shark would be point D at .886,
But,
with the immediate reversal within a pip of the
1.13 fib ext for point C and the impulsive nature
of the price action since,
Plus,
the daily high @ .96.50 it seems to me that
the only short target worth taking will be the
extended 1.13 point D
So,
The candlesticks will have to create the best
pattern possibly to keep me from ignoring the .886
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