AUD/JPY Trade Idea

Hello and welcome to my Trade Idea of the currency pair AUD/JPY.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is very bearish. The last weeks have been very strong in the direction to the downside.


Weekly: Weekly is very bearish too.


Daily: On the daily timeframe we see that the trend is to the downside and right now there is a little consolidation.


H4: We draw the counter trendline and resistance area on the h4 timeframe.


Have a nice day.