Description: As shown above we have FX:AUDJPY . This pair is currently , On Friday we had some action however it is clear the Bears
are in control. We have a rejection between the .382/.236 Daily Res, Similar to FX:CADJPY which are also both trading inside Ascending
Triangle/Wedge continuation price will likely hold firmly below this level giving us a good short opportunity to violate the Lower TL/Trend/ then Weekly Support..
Indicators: Both EMA's are heading South The 50 acting as magnetic Resistance along with the 200 acting as the safer Resistance.
Duration: Long Term
Decision: I will short this pair on The open on the market with confirmation.
TP 1: 79.650
TP 2: 79.100
TP 3: 78.300
SL : 83.000 - 83.250
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
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Remember to always trade your stratergy... Happy Trading