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Genghis
Jan 21, 2016 7:01 AM

AUDJPY - Due a bounce? Long

Australian Dollar/Japanese YenFXCM

Description

- Sat on bullish trend line set up from 2009
- Approaching channel bottom
- Bullish trend line on weekly stochastic

Comments
Genghis

Played out beautifully. Rallied off trend line.
Hit resistance up into 86 and dropped through trend line
Now we are looking at a potentially double top and an opportunity to add short
Genghis

Over bought on the daily
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