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MEX_Exchange

AUDJPY profit target reached perfectly, remain bearish for a fur

Short
Dollaro australiano / Yen giapponese (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Dollaro australiano / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY audjpyshort audjpylong audjpysell audjpydaily audjpynews AUDUSD Forex forextrading
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trendanalysis harmonicpatterns chartpattern audjpy audjpyshort audjpylong audjpysell audjpydaily audjpynews audusd forex forextrading
Sell below 88.15. Stop loss at 88.60. Take profit at 87.52.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and has reached our profit target. We remain bearish looking to sell below 88.15 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 87.52 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (34) sees long term resistance holding price momentum down which helps us keep our bearish bias.
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