Wednesday, April 3, 2013

AUDJPY Channel and Resistance

myfxvoyage.blogspot.com AUDJP Channel
AUDJPY Hourly
Pair is in descending channel. 

On any spike, strong resistance comes up at 98.20/25 area. This area is support turned resistance and I am expecting this to hold. 

I plan to go short on touch of the resistance area with stop on daily close above it and targeting middle/lower part of the channel.




No comments:

Post a Comment

Related Post