Tuesday, December 17, 2013

AUDJPY Daily Outlook for 17th December, 2013 (Tuesday)

AUDJPY Daily Outlook for 17th December, 2013 (Tuesday)


Daily Chart


  • Desperately trying to hold support at these levels
  • Still in a downward channel
  • If current level breaks, next support will be 50% retrace of 91.110


Hourly Chart

  • Down trendline / Falling Wedge been broken yesterday 
  • Good opportunity to buy at current levels for a low risk high reward trade


Outlook Trade opportunity

On the hourly we identified that there was a falling wedge and it has been broken out of yesterday, At current levels it is good opportunity to have a low risk high reward trade
#1 Long order at around 91.960 and have multiple tp at pivot / fib levels

Risk Level Medium


Tips -

Always take note of any economical news event on our provided calender below



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