I missed this trade this morning, but Aussie dropped like a bomb on CPI data coming in at 0.2% lower than forecast of 0.8% completing a head & shoulder pattern on the one hour & stopping on the incline trendline from of 06 June & 10 October.
Just below it we have the Daily 55 ema which I will be watching for support.
Both 1 hour & 4 hour stochastics are over sold but the daily stochastics still has room to drop.

Daily chart we can possible the right shoulder of another head & shoulder pattern forming.
If the Daily 55 ema hold, I will be looking for a pull back to the Monthly Pivot Point which is also the neck line of the head & shoulder pattern on the one hour chart ,for a possible place to sell


Pull back to MMP to short

AUDJPY - Daily

Another possible head & shoulder pattern forming

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