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salsapete
Sep 28, 2016 5:58 AM

AUDJPY Renko Short  Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY with potential triangle.

2 Entry Points

1. At E - with stop loss above C. ( More risk as the breakout could occur to upside , as shown in prior post for this pair)

2. Retest of trendline following downside breakout. Stop Loss above E. ( Maybe a better entry point)

Target 1 @ .7590 ( equal legs projection of CD ) .

Target 2 @ 74.80 ( important swing low ) .

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