AUDJPY recently has been respecting a support line drawn up in the chart as a red arrow called 30 min support. As seen on the chart AUDJPY has broken below the support line and has also given us the retest also. The next step for execution would be looking for confirmation of a sell signal such as a bearish engulfing or a break below the 93.550 point label as BOS(Break of Structure).
Another confirmation pattern we're seeing is a shoulder, head, shoulder forming. On the chart look at the teal SHS pattern that has been drawn up also.
That marks 3 confirmations for a sale. Now it's just time to execute the trade and make smart decisions. Safe entry is at the BOS line drawn in the chart.
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Trade active
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Trade broke through structure and is completing the shoulder, head, and shoulder move. Heading toward the target.
Trade closed: target reached
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The target has been reached. Trade completes the 3 sell confirmations played out, the shoulder, head, and shoulder play out, and has completed its full push.