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chiefcapitalfx

audjpy short setup

Short
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
chiefcapitalfx  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns AUDJPY aussie yen japan correctional impulse minorsupport
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trendanalysis chartpattern audjpy aussie yen japan correctional impulse minorsupport
daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance.

Waiting on price to retest resistance for confirmation that the zone is still valid.

snapshot
snapshot
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