Low risk high reward entry now. Larger trend is bearish, but we can catch 100+ pips during this retracement. RSI and Stochastics very low on the daily as well.
I predicted this bearish move weeks ago. Here's another opportunity to get in to ride it down to the trendline/zone.
Price is very close to our reversal zone. Enter when stochastics cross over on the 4H. If price does not quickly reverse, then it may make one more smaller move down to the bottom of the zone.
Price is at a major reversal zone on the weekly as well as touching the top of weekly trendline. Last printed daily candle shows a long wick, indicating reversal. RSI is over bought on the daily. Can't get a better setup than this! Short and HOLD. (FOLLOW ME FOR MORE SETUPS)
Price is currently at a strong resistance level. Stochastic is also very high. Sell when market opens.
Looking at how price broke through major resistance level, it is currently re-testing. Should begin to drop when market opens up again.
Analyzing the Weekly and Daily chats, AUDJPY appears to be in a perfect setup for a long-term short. Trend lines, resistance lines, as well as structure, this setup has a great risk/reward ratio.