AUDJPY Short

Long term downtrend
Confluence of resistance (horizontal and diagonal at the 71.3 value) => Probabilities align to the downside => Great Reward to risk ratio.
- rising wedge (diagonal resistance)
- horizontal resistance (that spans years)

Observe how price reacts at the psychological level, 70.0
Keep a look out for opportunities (strengthening trend integrity) to pyramid trades as the pair goes in our favored direction.

Tight stop loss. Trade invalidated at 72.0.