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trungle83

Audcad short idea

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
trungle83 Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns
3
1
trendanalysis chartpattern
Short idea
RSI over sold, possible double top, fib ext 1.618 w previous rejection.
Comment:
Whoopsie. Supposed to be AJ and a private monitoring idea. Ah wells :)
Comment:
Another way to look at this from an EW perspective by the books is if the 5th wave struggles to make a new high, rather than a strong impulse with RSI divergence.

snapshot
Comment:
Or another perspective is an Alt AB=CD at fib ext 1.618. RSI div and a potential double top.
Comment:
Comment:
If we use the information and knowledge together as a confluence... the trade makes more sense to take.

snapshot
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