AUDJPY SHORT

The AUDJPY has proven to bounce down from monthly resistance shown in red. As we look to enter the trade we see bearish movement to the monthly support zone shown in dark green. AUDJPY has a respected the support zone show in light green. for a strong bearish market your stop loss should be fairly close 400 pips max. flag indicates an area where we want to TP and see if we want to re-enter the market if it breaks monthly support/pivot zone. Trade safe and use proper risk management.