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yoosnoop
Feb 8, 2015 1:30 PM

AUD/JPY INVERTED H & S Long

Australian Dollar/Japanese YenFXCM

Description

DECENT SETUP HERE. INVERTERED HEAD AND SHOULDERS, LOOKING LIKE ITS BOUND TO RETEST THE NECKLINE AND COMPLETE THE PRICE REVERSAL. WHICH SHOULD BE THE SAME LENGTH AS THE PATTERN. THIS WOULD BRING US TO THE DAILY SUPPLY LEVEL AROUND 94.317 WHICH IS ALSO THE 61.8 RETRACEMENT OF THE RECENT SWING HIGH. JUST WAITING FOR A BULLISH SIGNAL ON 60MINS ONCE WE GET A RETEST OF THE NECKLINE/TRENDLINE
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