Audjpy-short
AUD/JPY Expanded flat? Running flat? Breaking down structure Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
AUDJPY Simple sell High R/RThe pair is near the 0.886 fib level of the down move from .8750-.8360. It is also at the top of a corrective channel and the RSI is highly overbought. This a great risk to reward trade. Stops will be above the high. Zoom into lower time frame for a better entry.
*Please use your own strategy when making a trade. This is just my personal view and not a recommendation to buy or sell. As always if you need any clarification or help contact me through comments or personal message.