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WillowKid

AUDJPY 11.11-11.16

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
WillowKid  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Forex AUDJPY aussie yen short Bearish Patterns
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trendanalysis chartpattern waveanalysis forex audjpy aussie yen short bearish
Here we have AUDJPY on the daily time frame. Last week price failed to make the quarter transition from quarter level 80.0-82.5 into 82.5-85.0. Also a strong point of former resistance.*

We saw a strong bearish engulfing candle to end the week on Friday, and that leads me to believe we will be re testing major level 80.0 this coming week.

We will monitor price action and see what this week has to offer.

Trade at your own risk. I am not qualified to give investment advice.

Happy trading :)

~TraderTrev
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