AkashGaur

audjpy bearish flag

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FX:AUDJPY   澳元/日圓
Hello traders, have a potential trade on this pair. As we can observe fib completion from the previous price action, we can see price making a 382 retracement of the ab=cd pattern. Furthermmore wwe can see that price made a bearish flag sort of a structure after retracing from the 382 retracement. I believe that the price will go further down and one can either at the structure close to the upper trend line of the flag or to be on the safer side one can enter on the breakout of the flag. The flag will take the price further down to the next structure level on the downside which would also complete a 618 retracement of the previous stated ab=cd. SL would be manual since we can say which direction the market does open in a couple of hours
cheers

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