Looking at a bearish shark on the AUD/JPY that has completed on the 4H chart. The reversal has already started, I’m just waiting for the market to open to see if there is any price action in the opposite direction before I take this trade, if not then I’ll be opening my position. RSI is already way oversold and MacD historagram is showing that it is peaking around the heights it reversed previously when this pair reached the demand zone so I’m feeling confident on this one.
TP 1 - 0.382 retrace
TP 2 - 0.618 retrace
TP 1 - 0.382 retrace
TP 2 - 0.618 retrace