AUDJPY SHORT

AUDJPY - SHORT

What are we expecting?

- JPY Strength -AUD weakness = AUDJPY Short Trades.

What is our confirmation?

- Price has finished its 5th leg in this retracement into our fib level 0.618% and created a BIG WICK indicating JPY Strength coming into the markets
- JPY Strength
- Also, our bias on AUDUSD Is Short Positions hence why we are looking for short trades on AUDJPY.
Where shall we enter?

- We can enter a safe position our WFB trendline has been broken.
- Correction to be formed once our risk trendline has been broken to add more confluence to entering short positions.

Once entered where will our SL BE?

- SL will be confirmed once we see correction of the break of our trendline. Above the tops.

Targets?

- Major Trendline for targets.