AUDJPY short idea.
Updated
Price recently created a double top formation on 4h timeframe and broke below the structure. I want to see a pullback into between 0.5-0.618 fibonacci levels which matching with the neckline of M formation. After the rejection and if the rejection happens i will go down to smaller timeframe for better RR short entry. Target is as shown where the daily wicks are. Enjoy
Note
I will keep looking for sell positions on this pair. Rejection to the upside. Big bearish candle. Monitoring lower timeframes in the fib zone for entry
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.