Here is my sell idea for AUD/JPY
Following the previous lower low, price is approaching an area of previous support and recent consolidation (15m).
We have our 61.8% Fib level in the middle of this mini consolidation.
Red box is highlighting the mini consolidation key level I am using to initiate my sell idea down to 83.800
We also have our 4h support of 84.500
Sell taken at 84.450
Stop at 84.540 to allow 4 pip wiggle room above that 4h support turned resistance.
Following the previous lower low, price is approaching an area of previous support and recent consolidation (15m).
We have our 61.8% Fib level in the middle of this mini consolidation.
Red box is highlighting the mini consolidation key level I am using to initiate my sell idea down to 83.800
We also have our 4h support of 84.500
Sell taken at 84.450
Stop at 84.540 to allow 4 pip wiggle room above that 4h support turned resistance.