Get started
meghal.jani

A descending channel correction.

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
meghal.jani Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
4
0
The weekly chart shows us that this pair is in the correction after an up move ending in 2008. We are in the final "C" wave.
snapshot
The daily chart shows us a descending channel ready for a breakout.
snapshot
I have put a large stop loss just in case we have one down leg in "e" wave in the four hour chart.

Comment:
TRADE CLOSED.

Related Ideas

meghal.jani
A descending channel
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.