TradingView
lukelfx
Nov 21, 2019 5:03 PM

AUDJPY SHORT 1HR  

Australian Dollar/Japanese YenFXCM

Description

Both 50 EMA and 200 EMA showing strong potential of a crossover to the downside, furthermore we also see a clear head and shoulders pattern forming within the near future. Once we see a clear break of the bottom support trend line as well as the break of the 50% fib we will look for a short at a profit target of 71.778 (200 Pips) where the neckline is currently holding support for the head and shoulders. Will wait for further confirmation.
More