The Aussie Yen.

Good morning Dynamic Traders,

The blog was what I was going to post yesterday but due to an unexpected visit from someone,I was unable too.

The currency pair is of the AUDJPY and is to keep on your watchlist for close scrutiny as a possible shorting opportunity may arise using the appropriate filters although one confluence has not occurred, it is still worth monitoring.

The reasons are the possible H&S pattern forming, and also at present the price action is currently around the golden mean of the retracement starting 11th January and is possibly forming a DT pattern with the short term trend down.

However ensure to use your filters correctly and use caution as the V.I. is just south.

If the recent high of February 22nd is broke this would negate the possible trade and re-evaluation would be necessary.

Always ensure to do your own analysis before trading.

















Good luck.

Clayton Farnworth.