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Technical12

AUD/JPY |August 09 2016|

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Technical12  
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY short downside targets Pin Bar Bearish Patterns stoploss Forex entry
4
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audjpy short downside targets pinbar bearish stoploss forex entry
- Simple setup and Entry
- Market printing clear LH and LL's
- Market stalled at 76. retraced back to 78. Making a new LL and LH
- We have a short term preceding trend to the upside
- We are going to use this preceding trend as a short term reversal for a long term trend
- As some like to call it a correction in a downtrend
- Entry at the low of the indecision candlestick / LWP / Pinbar rejection
- Stop loss at the high of the candlestick
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