OANDA:AUDJPY   Australian Dollar / Japanese Yen
On the aud/jpy short set up, I see a potential bearish reversal.

Price seems to be in contact with the resistance zone several times so I'm going to go ahead and suggest price will be driven lower hopefully towards the newly formed lower low.

Fib shows 0.382/ 0.618 retracement depending if you've used the lower low body or wick. Delving into the lower timeframes, price has yet again touched the resistance zone forming a double top which should ALSO lead to a triple top if price decides to drop lower than the resistance zone .

All this will be shown through pictures of the 4hr/1hr timeframe.


can you guys let me know if you do take this trade...I wanna know what I'm doing is correct because if it is I will promise to to daily analysis and give this out for free because I believe stuff like is beneficial and I hate the idea of charging people for signals or crap like that
naynay97 naynay97
@naynay97, to do*
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