AUDJPY Short

31 May 2023

AUDJPY has been on a decline since September 2022 and has been forming Lower Highs and Lower Lows. We have gotten a few confirmations for a short trade, 1. LH/LL on a larger time frame, 2. Failing to break a high on a lower time frame, 3. Head and Shoulder and a break on the neckline waiting to enter on a retest however we are still bullish on a smaller timeframe hopefully we form a new low and break the bullish channel.