AUD/JPY, DAY CHART, SHORT (8-JAN-2017)

Note:
AUD/JPY is reaching the strong resistance zone at
86.2x level.

There are 3 potential trading plans for this pair:
1. We expect the price will approach the resistance
zone at 86.2x level. If there are 1 strong bearish or
2-3 bearish signals, we will choose to short.

2. There is possibility that the price break the resistance
zone and reaching the previous peak at 86.9x level
before heading down. Need to watch this level.

3. If the price break both resistance level strongly,
we will support bullish view on this pair

Kommentera:

We are looking to execute our Plan 1.
Wait for the right signal :)