Price reached an important Daily supply zone but failed to break beyond this point.
Sellers pushed the price down aggressively from 71.58.
With the pennant consolidation, it is the right time to go short on this pair.
AUDJPY broke ou of the H4 channel. However, the market lacks
proper momentum to go short. The current H4 Range is also
holding us back to sell right away.
Here is the plan: Wait for price to break the H4 range
before going short.
Will price break this H4 rage to allow us go short? Lets wait and see.