I can assume we are most likely to have opportunity to go short in this pair. after a high rise of this currency, we are back to the downtrend.
I set my stop loss around 50 pips just above my fibb retracement
take profit around 0.9840-20
I am looking forwards to short AUD/JPY at level 88.40. Yellow line resistance and FIB retracement in my opinion will not allow to complete the butterfly pattern. As from that level it should fall down. Happy trading any comments welcome.