AUDJPY: Look out for break

FX:AUDJPY   Australian Dollar/Japanese Yen
567 0 23
The pair is in a 4hr downtrend and currently at the top of the channel, watch out for a break below which will be a good opportunity to go short.

Note: Setup will be valid only if a break below is confirmed, any entries short should be made after the confirmation, if the pair goes up there will be no trade taken and this setup will be invalid.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
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