AUDJPY LONG-TERM SHORT AT MARKET

29 thg 9, 2016

Bearish market long-term. Bearish 786 retracement indicates a possible bullish bat pattern completing at 73.00 area. 0.618 fib retracement zone using the recent downleg from 79.00 down to 76.00. Bearish trendline resistance. Lots of confluence indicates a strong sell zone here at 78.00. Nice risk to reward as well!