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AUDJPY: Trading Plan

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
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FX:AUDJPY   Australian Dollar / Japanese Yen
Wave Analysis Technical Indicators Beyond Technical Analysis Forex trading Technical Analysis aud jpy AUDJPY australiandollar dollar Currencies
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waveanalysis indicator beyondta forex trading technicalanalysis aud jpy audjpy australiandollar dollar currencies
snapshot

descending triangle formation on AUDJPY.

Pay attention to a horizontal support of a triangle!
Bearish breakout of support is a signal to short the pair.

We don't know how long the pair will be trading within the triangle,
but when it breaks, set your stop above the last lower high!

target levels will be:
72.6
72.0

*if the market breaks above the resistance of the triangle, setup will be invalid.
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