AUD/JPY little downtrend in a horizental Market
After making a higher high in Monthly time frame and rejection from weekly strong resistance, we expect that price start a downtrend.
in daily we see a triangle and a down trend channel . with combination of that , we can expect to start a short position.
Entry = 84.600
T/P = 83.600
S/L = 84.900
Risk to Reward Ratio = 3.33
in daily we see a triangle and a down trend channel . with combination of that , we can expect to start a short position.
Entry = 84.600
T/P = 83.600
S/L = 84.900
Risk to Reward Ratio = 3.33