AUDJPY has put a massive rally last week but ended it forming a clean continuation pattern (bear flag) within a larger bearish formation (falling wedge).
Although a break out higher is possible, the best Risk Reward Ratio is currently found on the short side.
Although a break out higher is possible, the best Risk Reward Ratio is currently found on the short side.
Note
Clean reversal day from resistance area keeps the door open for further downside. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.