Here we can see a number of analysis which may indicate a short position for AJ. Firstly, we can see that the Elliot wave 4 has just completed on Fib 38.2 (I have redrawn this from my previous analysis whereby the wave was not completed). Wave 5 will give us an opportunity to ride the down trend. Secondly, I have also highlighted a number of forex imbalances that needs to be filled on the downside. Thirdly, the VPSB is showing a 'b' formation which is a bearish indicator. And lastly, I have used TDI to show a shark fin with the green line crossing back into the BB for a short entry.
I believe the above coupled with news coming from Japan might be enough to push the short sell. Now we wait for the news outcome and see how this plays out.
I believe the above coupled with news coming from Japan might be enough to push the short sell. Now we wait for the news outcome and see how this plays out.
