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Daily Forex Chart Art - Nov. 23, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    AUD/JPY: 4-hour Here’s one for trend traders! After breaking above an ascending triangle pattern last week, AUD/JPY is showing some signs of exhaustion around the 89.00 levels. Price could likely fall back down to the 88.00 area, where a 50% Fib is waiting right along with the triangle’s previous resistance levels. A long trade around the possible retracement zone is a good idea especially since it will be closer to the 100 and 200 SMA lines. If you think that the pair has shown a fakeout and

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