FX:AUDJPY   Australian Dollar/Japanese Yen
90 0 2
Price has beem moving in descending channel from beggining of 2015 and at moment I see a good opottunity for nice trade.

I cosider 3 scenarios :

1 price break to upside and first target would be at yellow line
2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level
3 price breaks from channel and goes sideways for a while

Buy set up - open postion after price break upper line of channel with SL 60 pips below
Sell setup - sell market wit 60 pips above current price



Comment:
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