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Mar 17, 2018 2:03 AM

Potential for a short position Short

Australian Dollar/Japanese YenFXCM

Description

Weekly Chart:
Bearish Engulfing Patter
Daily Chart:
Closed lower than Open Price of Last week.
Potential for a short position

Trade active

Comment

Be patient! The bull fought back pretty well at this level.

Comment

I moved in our favor.

Comment

Weekly Chart: Price has been rejected at key resistance 0.74493 => It is still bearish.
But this week we need to be careful because AUDUSD approaching the uptrend line.

Comment

Corrected typo mistake: Key resistance @ 0.77493

Comment

Sorry I put the chart AUDUSD in AUDJPY article.

Comment

Weekly Chart:
Price has been rejected at key resistance 81.798 => It is still bearish.
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