AUD/JPY Signal- November 9, 2012



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

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