AUDJPY SHORT

AJ has been in a downtrend for a long time, therefore we follow it. Hitting daily trendline, we have created lower lows on 1HR timframe, various 4HR engulfings. Very tight stop loss, with a great risk to reward ratio.

Entry: 80.57

SL: 80.93

TP1: 79.96
TP2: 79.5
TP3: 78.83
TP4: 78.29

**Risk Management is KEY!!

Trade closed: stop reached:

Stop loss hit! -36 Pips. On to the next. Might be looking at a reentry, still seeing downside movement.