Here on the AUDJPY we can see a highly confluent area to take this pair lower, however it is not confirmed and I'll be monitoring these key levels for deceleration and price action to warrant a short position! Jus tone to keep your eyes peeled for. Reasons to go short: - 50/200 EMAs could crossover to the downside - Market making Lower Highs and Lower Lows - Fibonacci retracement level 61.8 could provide a sell signal - Price trading within this descending channel. Higher time frame rules all and we just have to patient.