Hi Traders,
The higher timeframe indicates downtrend so we look for short positions. A short entry can be placed if price breaks and close below the marked zone (74.319 - 74.238). The target can be placed at 74.026 (green). This position is considered a loss only if price close above the zone.
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Happy Trading....
15pipsAUDJPYbreakouttradingFibonacciPivot PointsscalpingshorttermSupport and Resistancetrendcontinuation

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