asferruzzi
Short

AUDJPY pin par short opportunity

FX:AUDJPY   Australian Dollar/Japanese Yen
41 0 3
price is trending down on this 8 hour time frame and confirmed by higher time frames. Price has formed a bearish pin bar on recent retrace. Price retraced to recent support, reached 50% fibonnaci and 8 and 21 period moving averages line up. market order placed as shown, stop loss placed well beyond previous support and profit target is placed at previous resistance area . Risk to reward is 1:2.
Trade closed: stop reached: stop loss trigger, price reacted to AUD CPI news release.
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