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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