AUDJPY

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TF: 8 HR

I am looking for a possible short on the levels shown. I am overall becoming bearish on JPY, but AUD has been really tearing lately so I think a pullback is needed. Some divergence can be seen on the RSI that also helps confirm the idea. 600 pips might be to optimistic, but who knows.

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I am really considering shorting right now. Obvious strong price action to the upside, but I think it might move down. All my NZD/AUD shorts this week have not played out...I am keeping an eye on this.

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Price was rejected. I did not have a limit order, but if would of been a really solid entry. i am waiting to see if it keeps selling before entering, since its been so bullish

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Looks like it may start to sell, we will see. The TP is very optimistic on this chart, but I do think a minimum of 100 pips can be taken if it sells over a few days.

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