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UnknownUnicorn772665

AUDJPY Short Trade *DAILY RESISTANCE & TRENDLINE BREAK*

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
UnknownUnicorn772665 Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Wave Analysis Chart Patterns AUDJPY aud jpy USD Fibonacci Retracement shorttrade
8
11
trendanalysis waveanalysis chartpattern audjpy aud jpy usd fibonacciretracement shorttrade
Short trade set up with good R:R ratio and it should also provide scale in opportunities when the 4hr trendline is broken.

Entry 1 is on the Friday daily close with a large wick rejection candle.

Entry 2 is on the 1hr lower high and rejection of previous support/resistance zone at 79.200

Targeting previous daily/weekly lows at 77.500 if the 4hr trendline breaks.
Trade active
Comment:
Still holding this trade... resistance is holding strong and should see more downside move now.

Gold is dropping in value so this should drag AUD with it
Trade closed: stop reached

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