AUDJPY Bearish Shark

Hello traders,

AUDJPY is currently forming a bearish shark formation on the 4hr chart. When price reaches the marked level, you could go down to the 1hr timeframe and look at price behavior to see if it provides a valid entry for short opportunities. 1 to 3 risk to reward for swing traders although stop loss could be reduced for those that like to get more precise entries on the smaller timeframes. Good luck.