AUD/JPY Signal- November 9, 2012

|

By: DailyForex.com

Currency: AUD/JPY
Description: Head & Shoulder as of wave iii strength just went below (v) followed by a broken trend line in expanded flat patter. I expect a further drop from this level down as a final (c) toward middle correction (b). Note general trend still in strength and further improvement on price still expected because we are within a leading diagonal pattern in progress on macro level.
Recommendation: Short pair
Stop Loss: 83.500
Target: 81.400

AUDJPY Signal 11912

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals based on his keen understanding of the market. Fadi is an expert in Elliott wav principles and Ichimoku Kinko Hyo, and he is a managing partner in one of the leading organizations in protective coating in the Gulf region.

In addition to sharing his trades as a member of the DailyForex trading team, Fadi is an expert trader on eToro, a social platform that allows traders to copy experts quickly and easily. Copy Fadi's trades on eToro here.