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sussexforex
May 25, 2017 12:17 PM

#AUDJPY Short Confluence of horizontal resistance and 38.2 fib Short

Australian Dollar/Japanese YenFXCM

Description

Short AUD/JPY
Confluence of 1) horizontal support 2) 33.2 fib acting as resistance at 83.750 and nice daily bearish candle building up
Good risk reward. Short at 83.55 giving it 30pips
A close above 83.75 indicates going higher possibly 84.50 where there is a confluence of horizontal resistance and 50.0 fib.
Comments
petemidhurst
Great call, too this trade and banked 70 pips. Like the idea. What's your target?
sussexforex
@petemidhurst, 82.55 is 61.8 retracement take some of there and trail stops
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