Long trade only if channel is broken and closed above trendline. Short if price break and close under shoulders and support :)
Not financial advice... Only my point of view
FX:AUDJPY I am not telling you where to put SL or TP... I am just sharing what I see here :) One of many possibilities on market.
1. If we don't see very bad american economic data today, we can expect continuation in uptrend channel. 2. If it goes wrong, we can expect breaking uptrend channel and take profits it nearest support.
I would wait for retest of support and then long... At actual price it would be only 1:1 RRR and that is too risky :)