FullTimeTrader
Short

AUDJPY-nice opportunity to short

FX:AUDJPY   Australian Dollar/Japanese Yen
319 0 6
I think this pair has a big downside potential.
Looking at W1 chart we see the price is bouncing from a strong level of S/R and trendline resistance:
snapshot


On D1 chart we see the same setup, plus the EMA 55 (my prefered) acting as resistance:
snapshot


Here on H4 chart:
- bearish bat already triggered
- strong structure
- short term trendline resistance
- ema 200 acting as resistance
- EW wave 4 (not shown)

If this setup works we could catch a big move.

Best regards:

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
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