PAIR: AUDJPY

CHART TIMEFRAME: H4

TREND ON THE CHART TIMEFRAME: NEUTRAL

FACTS AND PATTERNS: SUPPORT ZONE, EMA 50 AND TREND LINE BREAKOUT

CURRENT PRICE: 88.48

POSSIBLE “PREDICTED” PRICE ACTION: The pair formed triple top at 89.08 and pulled back. 89.30 is the support. We have a rising trend line. EMA 50 is located at 88.30. Price may test the EMA 50 and the trend line. Break out of the trend line and EMA ( possible breakout zone is 88.20 ) will carry the price 87.50 and 87.10.

ACCURACY: 92%

AUDJPY TRADE IDEA: (MIDTERM )

TRADE: SHORT

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AUDJPY-H4-CHART

Source: http://www.fxters.com/audjpy-potential-short-opportunity-01-22-2018/

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