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BoonHooi
13. Apr. 2017 07:21

AUDJPY - Downtrend Channel Short

Australian Dollar/Japanese YenFXCM

Beschreibung

AUDJPY seems to be in a clear downtrend channel. No Harmonic Pattern at this moment

Trade execution
I have a bearish bias as it is in the down trend channel. Will look for a retracement up to a resistance level to take a short, trend continuation trade.

Horizontal resistance 83.00/15
Channel resistance 83.50/70
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