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AUDJPY testing major resistance, prepare to sell

FX:AUDJPY   澳元/日元
Sell below 89.11. Stop loss at 89.38. Take profit at 88.36.
Reason for the trading strategy (technically):
Price is approaching major resistance at 89.11 (Multiple Fibonacci retracement , horizontal pullback resistance, Fibonacci extension , bearish divergence) and we expect to see a short term correction from this level to push price down to at least 88.36 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance below 98% and we expect to see a strong reaction off this level. We’re also seeing bearish divergence vs price signalling that a reversal is impending.
交易结束:到达目标: Can we all agree that we kicked ass on this trade? :P

Btw, FREE private trading room gonna be launching soon. PM me for details! ;)
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thanx for the analysis..
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sending thanks for the good analysis as always!
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