TradingView
HarryHadgeHutchison
Sep 15, 2016 2:01 PM

SCALP on AUDJPY Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

AUDJPY repetitively making lower lows and lower highs indicating a bearish market sentiment. Entering shorts on a low time frame (30m) based on market sentiment, 61.8% fib level and 30m supply and demand zone. To minimize risk, stops will be placed above previous high. If this high is taken it could indicate a break in market structure, thus the short will no longer be valid.
More