AUDJPY Trade Setup (Jan 22)

23 January 2016, 10:02
Lahcene Ouled Moussa
0
108
  • YEN has been weak for the last couple of days, and thus AUDJPY has gone north, after making Double Bottom.

    In fact, this is one of the textbook reversal patterns – Double Bottom + Higher High.  (Bullish divergence is a plus!)

    When we see this patter, we should look for Higher Low, and buy!