Hello, there is a short trade set up on the AUD/JPY pair.
As indicated on the chart, AUD/JPY has completed a 5-wave movement up and has now began its reversal.
AUD/JPY is currently a good short position as it is sitting above the AVL line (marked on chart), any short above this (Agreed Value Line) should be sufficient however there is a chance we reject the yellow line with red arrow before beginning the fall.
My target for this trade is shown by the yellow box.
Updates to come...
:)
As indicated on the chart, AUD/JPY has completed a 5-wave movement up and has now began its reversal.
AUD/JPY is currently a good short position as it is sitting above the AVL line (marked on chart), any short above this (Agreed Value Line) should be sufficient however there is a chance we reject the yellow line with red arrow before beginning the fall.
My target for this trade is shown by the yellow box.
Updates to come...
:)
