mantasg

Single higher high means nothing still short in play

Short
mantasg Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Like many times I see before single high means nothing so while there is no 2 higher highs 2 higher lows trend still down. There is possibility that we have deeper correction higher (ABC) in this situation 81-80 area can be good spot to look for long on trend line retest but for now just waiting good short signal from here or another important level at 84 with target 81.500 at least
Comment:
End of the Monday what marks bear day probably hope the will not be havy spikes up and another short can be added
Trade closed: target reached:
Trade hit target at 81.5
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