daytradersfx
Short

Small head and shoulders- 100-150 pips

FX:AUDJPY   Australian Dollar / Japanese Yen
This one isn't the most popular pair to trade. It gave a nice quick 35 pips last night on THIS TRADE CALL and I think we could see another good push down to the weekly pivot .

We have a possible head and shoulders forming, first off was the rising wedge now it's time for the right shoulder to form. One way or another I want to trade this to the weekly pivot , a head and shoulders would be the easiest most obvious set up.

Entry details:

(ideally) enter short at 87.70

Stop above 88.20

Target 86.50
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