Shorting opportunity setting up on AUDJPY

MONTHLY TREND IS DOWN
PRICE HAS RALLIED IN MARCH INTO A MONTHLY RALLY BASE DROP SUPPLY ZONE

MOST APPROPRIATE ACTION(S):
EXIT ANY COUNTER TREND LONGS TAKEN FROM LOWER
PRICE LEVELS
BEGIN TO LOOK FOR SELLING OPPORTUNITIES ON
ENTRY TIME FRAME (DAILY CHART/4HR CHART)
IGNORE TREND CHART - BECAUSE FOR PRICE TO GET
TO MONTHLY SZ THE TREND MUST BE EITHER UP OR HIGH UP IN A CONSOLIDATION

DAILY CHART:
DAILY TREND IN CONSOLIDATION
SUPPLY CREATED, DEMAND VIOLATED

REMEMBER WHERE PRICE IS AT IN THE
BIGGER PICTURE (MONTHLY SUPPLY)

MOST APPROPRIATE ACTION:

CURRENTLY, ENTRY CAN ONLY BE INSIDE THE ZONE BECAUSE THERE ISN'T A LARGE ENOUGH
PROFIT TARGET TO EXIT PRICE YET

IF PRICE MOVES DOWN TO THE 83.20S THEN TRADE IS ON