OANDA:AUDJPY   Australian Dollar / Japanese Yen
Another short opportunity, very similar set up to our NZDJPY trade, same overall down trend on the higher TF's and a small corrective up trend on the 4hr and daily TF's, after breaking the support phase line of the smaller up trend we had another CBO style entry with a solid retest and rejection of the 50 EMA , markets now continuing to reject and fall to the downside. More than likely being gravitated towards the lower support level on higher time frames where there is most likely a high level of limit orders and liquidity waiting to be snatched up by the market.
Comment: Stop has been moved to entry for a risk free trade.
Comment: Stoped moved to lock in 30 pips / 0.75%.
Comment: Pull back on the 4hr, possibly to retest the 4hr 50 EMA before a continuation to the downside.