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Blackwood_fx Blackwood_fx AUDJPY, D, Short ,
AUDJPY: AUD/JPY Short Setup Forming
31 0 1
AUDJPY, D Short
AUD/JPY Short Setup Forming

Looking at the daily time frame we can see that price action has been in a down trend for a while now. PA (price action) has been ranging in a descending channel. PA is below the 200sma which is always key for short positions. It increases the odds of a successful trade. You can see from the risk reward on the screen that this is a good/ high probability trade ( ...

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