AUDJPY, potential short setup is setting up.

AUDJPY / 4H

Hello traders, welcome back to another market breakdown.

AUDJPY is trading in a bullish trend. However, the price has been sending signals on a potenial major trend reversal.

Bears see a head and shoulder with a break on the neckline. Hence, bears want a lower high followed with a surprise bar to the downside.

I'll be keeping a close eye on this pair for a potential swing for new lows. on the weekly structure.

Trade safe,
Trader Leo.