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ollyt33
Mar 17, 2018 2:40 PM

AUDJPY Reversal? 

Australian Dollar/Japanese YenFXCM

Description

At an area of daily support looking for entry reasons for the reversal. RSI currently oversold, aggressive entry could be a shooting star candle with an engulfing kicker.

Could break this support, then looking for short opportunities in the direction of the current trend. Potentially a pullback with an advanced pattern (Gartley, Bat etc.) or even simple pattern (flag, pennant etc.)

This follows on from previous idea:

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