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JakeStJohn

AUDJPY H4 Sell: Continuation of the trend

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
JakeStJohn  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns
4
0
trendanalysis harmonicpatterns
AUDJPY H4 Sell:
- Downward trendline
- Broken through local H4 support
- Wick rejection which shows bearish pressure is still active

Need confirmation:
- Maintain a closure below the newly formed resistance
-H4 bearish trendline holds up - no breakout.

Entry:
- Enter between: 73.650-73.700
- Stoploss: 74.00-74.050
- Take profit: 72.750-72.700
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