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east-west_trading

A trade for the brave contrarians!

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
east-west_trading  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Shark Elliott Wave AUDJPY audjpylong audjpyanalysis
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sharkpattern elliottwaves audjpy audjpylong audjpyanalysis
Greetings traders! A look at AUDJPY, and an observation of the daily charts shows a nicely completed Shark pattern that bottomed right on a 61.8% retracement of a dominant set of pivots. We got a nice reaction of that point, and now we are sitting on yet another 61.8% retracement. AUD positioning is very short. Is now the time to take it on. You decide!
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