Richie-Structuretradeview

CONTINUOUS SWING HIGH ON AUDJPY

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
FROM THE TRUE STRENGTH INDICATOR PRICE HAS BEEN ON THE BUY SWING. AT 76.052 AFTER ITS FALL FROM 77.063 PRICE LEVEL TOWARDS 75.846 PRICE ZONE AND THEN TOOK A BOUNCE OFF TO THE 76.592 THEN TOOK A SHORT MOVE TO 75.408 PRICE LEVEL.


WHAT TO WATCH OUT FOR AT 76.236 PRICE LEVEL IS A NEW ENGULFING BULLISH PATTERN.

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