RedStaR

AUD/JPY: After New Years Eve

FX:AUDJPY   Australian Dollar / Japanese Yen
223 3 0
I'd wait until the 93.5 mark before going short, just to be sure. It seems bullish on the short term, so that price level is bound to hit soon enough.

Watch out for triangle breakouts on the october trend lines . I do not think they will happen before the middle of January, but you can never be too sure. It will be a good opportunity to catch the breakout.

If you want to know whether price will break out on the up or downside, check the blue line in the middle of the triangle. If it does not break the blue line before January 10th, then it will be most likely bullish for the long term.

If it does break it before Jan 10, then it's most likely bearish for the long term.
After the close of Friday candle I agree with going short on the next candle at 92.94 and taking profit at 91.15.
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After the close of Friday candle I agree with going short on the next candle at 92.94 and taking profit at 91.15.
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Thank you RedstaR - Yes agreed I was called on that chart a couple of times lol. I will have a closer look at your chart. Again thank you and Merry Christmas Kate
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