TradingView
lawlee9
Dec 11, 2016 8:01 PM

AUDJPY - Short Short

Australian Dollar/Japanese YenFXCM

Description

AJ's whole life cycle is bound by a range. Entry for a short at 87.147 would be at the top of the mid range that was established from 2010 - 2013, which acted as a corrective pattern to continue the trend upward. Since we are on a downtrend, we should expect a similar range, but as a continuation to the downside to eventually touch the bottom of the large range.
More