www.varchev.com

AUD / JPY: Possible short-term correction

AUD / JPY: Daily chart

Price below horizontal resistance

Prce action: 2 equal resistance tics – likely to fall

indicators:
DeM: rotate from overbought zone – a negative signal

CCI (50) rotates from area of over bought market – possible reversal of the price

SL: 86,765

Alternative scenarios: if the price crosses above the shadow of the last bar, is likely to see new bullish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance