Short on AUDJPY

So we have a clear ascending chanel with us now reaching the top of the previuos high from the last ascending channel and now we can see a inverse head and shoulder pattern has appeared just after hitting a double bottom on the previous high just completed and now a full 1 hour retrace candle looks like it may happen lets see how the candle closes and let make some percentage on shorting the pair.

Kommentar:

We must keep in keep in mind this inverse head and shoulder as this could give momentum to the upside just one more time for the touch of the High and then drop to the down side. Keep a watchful eye on this.