AUDJPY SHORT 4 HR TRADE SETUP

Good Morning Traders:

This is a nice short on AUDJPY’s 4 HR chart, as the price action formed a lower high,
rejecting 0.618 fibs retracement, and broke down support trend line.

Target 1: 86.30 (2% Profit)
Target 2: 85.35 (4.37% Profit)

Thank you for your support and feedback.

Trade: #26
Date: 02/22/2017
Time: 09:00 GMT

Trade active:

Here are the other time frames:

Trade closed manually:

Result: Break Even

4 HR chart shoot up and formed bullish engulfing, manually exit at break even entry price.

Date: 02/22/2017
Time: 15:00 GMT