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JeevanKapaganti

Short AUDJPY: Sometimes it is just that simple!!!

Short
Australian Dollar / Japanese Yen (FX_IDC:AUDJPY)  
JeevanKapaganti Updated   
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
Parallel Channel Harmonic Patterns Trend Lines
3
0
parallelchannel harmonicpatterns trendline
I see a strong channel resistance with divergence confirmation on MACD. Short AUDJPY with targets to the channel support.

I believe simpler patterns rock. But if you believe complex patterns say a lot, check the chart below on 15 min:

snapshot
Comment:
There is good amount of consolidation to my liking. Moved stops to BE.
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