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DoubleTop11
Aug 12, 2016 1:23 PM

AUDJPY Short Continuation Short

Australian Dollar/Japanese YenFXCM

Description

on the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart.
To find out more about my thoughts on the forex pairs, check out the following video.
youtu.be/niKmGNk88AM
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