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Proszi

Pullback Short Setup | Trendline Retest

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Proszi  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Fibonacci Trend Lines pullbacktrade retest-structure Fibonacci Retracement shortsetup swingtrading
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trendanalysis fibonacci trendline pullbacktrade retest-structure fibonacciretracement shortsetup swingtrading
After breaking below the ascending trendline, we will now be looking for a pullback on 0.618 fib retracement in confluence to the previous support levels now acting as potential resistance. Furthermore, we have a current respectable descending trendline which can experience a rejection from and we can try opening shorts around then!
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