TradingView
lebanonforex
Aug 16, 2020 12:00 PM

audjpy forcast Short

Australian Dollar/Japanese YenFXCM

Description

This pair is still in up trend earlier have ade it's retracement on 50% Fibonacci and continued the uptrend.
Untill now we can expect furthermore continuation .
The drop we saw till now on audjpy is that we have a harmonic pattern ABCD on M15 And we are on strong sell zone on H4 AND Daily

My own expcatation is shorting because we have many reason to go short

What we can do is to wait :
wait the trendline to be broken on H4

*Wait the pair to make a new high confirmed with an h4 candle close above it

so i will be watching it
More