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emmanuelcooke

AUDJPY Short

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
emmanuelcooke  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
6
0
trendanalysis chartpattern waveanalysis
AUDJPY is in the strong weekly resistance zone, creating a nice head and shoulders formation. On the daily, there is one candle that is different in the move to the downside. This candle is used to create a strong supply area for sellers to enter. That is where the best possible entry will be to move to the downside located on the charts. Use proper confirmations and risk, 1% risk per trade. H4 entries only. There are multiple entries and TP.

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