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| AUDJPY H4 |
I expect a pullback or consolidation for next few candles. Currently I went short this pair at 82.84 and looking for a move towards mid of the channel.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Thursday, October 25, 2012
AUDJPY Channel Short Trade
Pair AUDJPY is rising up in a ascending channel.
Currently the price is hitting channel's upper trendline which also coincides with highs of 19-Sep. Looks like pair is starting to pullback. It looks slight overbrought as well.
I expect a pullback or consolidation for next few candles. Currently I went short this pair at 82.84 and looking for a move towards mid of the channel.
I expect a pullback or consolidation for next few candles. Currently I went short this pair at 82.84 and looking for a move towards mid of the channel.
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