AUD / JPY: Bearish trend and medium term upward movement.
Fibonacci corection to 50% – serious resistance levels
Horizontal resistance levels 86.67
Pin bar, devouring bar and a new negative price action formation: Reversal Three inside down – a negative signal
CCI (50) passes below 100 – a signal for correction.
DEM back below 0.7 – a negative signal
Stop loss: 85.89
Stefan Dimov Angelov – Head of Trading Stocks