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AlkalineFX

AUDJPY - Too Obvious

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
AlkalineFX  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns AUDJPY audjpyshort audjpylong audjpyanalysis audjpysell audjpyidea audjpydaily audjpybuy
14
5
trendanalysis indicator chartpattern audjpy audjpyshort audjpylong audjpyanalysis audjpysell audjpyidea audjpydaily audjpybuy
This basic head and shoulders pattern after a huge impulsive move to the upside seems too obvious to be the catalyst for a trend change.

I would expect price to at least come up to test the previous high once again before it considers selling off.

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