AUDJPY has come back up towards the highs of the range for a second time and has seemingly been rejected from the range. It is now breaking below trend and has confirmed a 3 Falling Methods at the break of the trend line. This time around I would expect a much deeper move down than the last time perhaps taking us to as low as the 1.618 Fibonacci Extension all the...
The "falling three methods" is a bearish, five-candle continuation pattern that signals an interruption, but not a reversal, of the current downtrend. I would short below the yellow trend line support on a break and close of it with a 1 hour candle and with a stop loss just above the trend line. There was huge red volume spike and oscillators are looking...
