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AUD/JPY to fall perfectly as planned, get ready to sell on the break of major support — Forex Stock Trade




AUD/JPY to fall perfectly as planned, get ready to sell on the break of major support




Price has dropped absolutely perfectly from our sales area as expected. We tighten our stop loss to protect our profits. Now we expect to sell more when the price breaks 88.68 support (Fibonacci retracement, double top confirmation) and we’ll ride the fall all the way down to 87.91 support (Fibonacci retracement, horizontal overlap support).

RSI (34) sees a growing support of the line. Only a break of this ascending support to confirm the drop that we’re waiting on AUD/JPY.

Sell below 88.68. Stop loss at 89.40. Take profit at 87.91.



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