Elementary Forex – AUDJPY — Watch the turn around

AUD/JPY (95.98)  has been climbing in a very nice bullish pattern for a few days.   Watch for the cap as it is happening and plan for the turn around to bearish pattern.   Investors can potentially reap very nice profits on a medium or even short term.    Elementary Forex, dear Watson — nothing stays in the same pattern for long.   As an investor you can plan to position at the change to potentially maximum your returns.

In the above hourly chart we have a very tight bollinger band — implying that the cap is likely to arrive.   Support is still at 95.50 and Resistance is right at the position.   Let’s look now at the minute chart:

We can see the swapping movement indicating a levelling.   Investors should be on the lookout for the crest, and when the position changes it could potentially be a bearish pattern to as low as 94.80.   This could be a profit of as high as 120% if margined.   Without margins investors could still potentially realize profits over 1.2%.