AUD/JPY Formed Bearish Total And Double Top

AUD/JPY H1 had strong resistance level 87.064 . Price rejected from said point. Bearish total also formed. PRZ validated. On the other hand, at 87.064 strong resistance level double top formed. Good opportunity to go short. Next possible support is 86.595.

Second support level is 86.439. That’s also neckline for emerging double top pattern neck line. If broken, expect down rally with support levels at86.595 , 85.730 and 85.423.

Best combination of harmonic and price action (double top). Also price in current channel is at supposed to be reversal point.

AUD/JPY 1 Hour Chart

This entry was posted in PRO and tagged . Bookmark the permalink.
0 0 votes
Notify of
0 评论
Inline Feedbacks
View all comments