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Blackwood_fx
May 20, 2016 8:11 PM

AUD/JPY Consolidation Long

Australian Dollar/Japanese YenFXCM

Description

We can clearly see PA is consolidating into a wedge pattern. It looks like it wants to pop to the upside. At the moment Im going to sit on the sidelines and wait for PA to give me a clear direction.

If it breaks above the 80.75 area it will continue close to 81.75 where there is a supply zone.

most of my trades are swing trades but this one may be shorter.

Good luck...remember risk management.

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