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Anbat
Oct 15, 2016 10:35 PM

AUDJPY Call 4 Rest Of 2016 Long

Australian Dollar/Japanese YenFXCM

Description

On AUDJPY 1 weekly chart candlesticks (for your information ONLY). Last four weeks have been BULLISH. For rest of 2016, believe this pair will continue to be bullish, may stop at bearish GREEN trend line, which started 11/17/14. This bearish trend line, still has NOT been officially been broken or above green line with PA close. I will continue looking on shorter time frames for bullish trading, at 80.000 (MAJOR psychological number), which might be hit this coming week-- REEVALUATE status. PA is now 79.325 and going upwards. PA just broke bullish triangle noted on this chart. Long term goal is: 82.000 end of year, but trade with set ups on shorter 15mn or above time frames (which will have less NOISE or VOLATILITY with price action). Good luck with trading, trade with TREND on 1 hour or higher.
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