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wave_pattern_trader

CHANNELS, RECTANGLES AND POSSIBLE SQUEEZE BREAKOUT

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
wave_pattern_trader  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
2 THINGS CAN HAPPEN. ITS EITHER PRICE RETEST THE CHANNEL BEFORE GOING DOWN OR THERE WILL BE A BRIEF PERIOD OF CONSOLIDATION IN BETWEEN THE RECTANGLE. NOW PRICE CAN BREAK OUT FROM ANYWHERE BUT I WILL ADVICE YOU WAIT TO SEE IF THERE IS ANY POSSIBLE RETEST.. WE THINK PRICE WILL BREAKDOWN TO THE DOWNSIDE SO WE ARE PLANNING ON GOING SHORT....
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