AUDJPY Short Trade *Fibonacci Retracement & WAVE ANALYSIS*

FX:AUDJPY   Australian Dollar / Japanese Yen
High reward:risk and aggressive short entry on AUDJPY

Fib 0.786 and TL interaction in a liquidity zone.

A 4hr lower low was made on AJ last week so a lower high in this zone would make sense.
Trade active
Comment: Only 10 pips of drawdown... should have done a smaller SL :P
Trade closed: target reached