AUDJPY Forecast and Trade setup for 25th March, 2014
- Bearish Cypher?
- Or could it go higher
Daily Chart
- Stochastics are in a very bullish momentum even though its over bought
- Descending trendline with two touches
- Broken Ascending Trendline which acted as resistance on two touches
Hourly Chart
- Potential three drive up, which completes at potential reversal zone (Cypher Pattern)
- Zone is also at 88.6 / 127.2 and Weekly R2 Pivot confluence
Outlook Trade opportunity
Possible Cypher Pattern
Risk Level Medium - Aussie strength is strong
Tips -
Always take note of any economical news event on our provided calender below
