FX:AUDJPY   Australian Dollar/Japanese Yen
49 1 3
We are at the upper trend line on a downtrend chanel. Currently we have a bearish divergence on the 4H chart . If price continues following the chanel there is a good risk/ reward trade. If price breaks the chanel and the the upper trendline starts acting as support, I would start looking for buying opportunity. For now my bias towards this trade is short.
Trade active
Comment: Stop is now at break even. Trade is going good so far.
Comment: SL now at 82
Comment: SL moved just above 80.0 level
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