AUDJPY short idea.
Updated
Price recently created a double top formation on 4h timeframe and broke below the structure. I want to see a pullback into between 0.5-0.618 fibonacci levels which matching with the neckline of M formation. After the rejection and if the rejection happens i will go down to smaller timeframe for better RR short entry. Target is as shown where the daily wicks are. Enjoy
Comment
I will keep looking for sell positions on this pair. Rejection to the upside. Big bearish candle. Monitoring lower timeframes in the fib zone for entryDisclaimer
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