AUD/JPY, SHORT, DAY CHART (24-DEC-2016)

Note: AUD/JPY didn't follow what we plan last week,
so we didn't trade this pair.

Now, we are bearish on this pair.

There are 3 trading plans for this trade:
1. Wait for price correction near the resistance zone
near 86.2x level, followed by a bearish signal to short.
We can short with right risk amount. But the chance
of the price correction to this level might be low.

2. Zoom into H4 or H1 to look for pullback to their respective 20-EMA, followed with bearish signal to
short with right risk amount.

3. Short now with little risk amount.

Trade active:

Short with little lot size.

The price pullback to H4 Chart.
EP: 84.335
SL: 86.255
TP: 81.014

Trade active:

Now AUD/JPY still remain below 20-EMA and near the 20-EMA line.

Wait for bearish signal to add on short position :)

Trade closed manually:

We decided to close this pair early before hitting our SL.

As the recent bullish trend bars in H4 chart seem like the bullish trend resumes.

Trade Safely :)