AUD/JPY Short Setup Forming
Looking at the daily time frame we can see that price action has been in a down trend for a while now. PA (price action) has been ranging in a descending channel. PA is below the 200sma which is always key for short positions. It increases the odds of a successful trade. You can see from the risk reward on the screen that this is a good/ high probability trade ( in my opinion).
If it breaks to the high side then the validity of my trade is void and the position will be closed.
Remember proper position sizing and risk management is EVERYTHING!!! Good Luck!!
If it breaks to the high side then the validity of my trade is void and the position will be closed.
Remember proper position sizing and risk management is EVERYTHING!!! Good Luck!!
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