Thursday, September 16, 2010

Topping Out?

It looks like the AUDJPY may be topping out. The following 15 minute chart shows a return to a previous high with something that could end up being a head and shoulders pattern emerging.

However, the 3 hour chart is showing a possible continuation and has been trending upwards for quite a while.

Open up your trading platform and choose your play...

Top or Resumption?
Play safe!