AUDJPY SHort in a Counter-Trend trade opportunity
2017-05-10
Looking for a counter trend action when RSI/Stoch overbought reverses. Then looking at Bullish trend continuation opportunities up to 84.500. Fib future D is shown at 84.556 which is close confluence with the 84.500 previous structure resistance. Crossing of the inner trend line as a confirmation of the counter trend trade should coincide with the RSI turn at overbought. Watch and wait.
Looking for a counter trend action when RSI/Stoch overbought reverses. Then looking at Bullish trend continuation opportunities up to 84.500. Fib future D is shown at 84.556 which is close confluence with the 84.500 previous structure resistance. Crossing of the inner trend line as a confirmation of the counter trend trade should coincide with the RSI turn at overbought. Watch and wait.