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TheRoon

A clear short for AJ

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
TheRoon  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns priceaction Bearish Engulfing audjpyshort AUDJPY pips
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trendanalysis chartpattern priceaction bearishengulfing audjpyshort audjpy pips
AUDJPY has been in a clear bearish trend for a while now.
With that momentum in mind, we can see a nice double-top at the support on 82.466. We can also see a rejection off of the trendline and a nice bearish engulfing for price action.

This trade should run 65 pips to the next support on 81.658.

Good luck this week traders!
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