AUDJPY is currently following a bearish trend with consecutive lower highs and lower lows in a narrow channel. I recommend SELL near R1. My first entry point is going to be at 83.260 just below R1. Second entry will be at 0.382 Fib level if it retraced to that level. I will recommend a stop loss at R2 83.500.
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Got entry at prescribed point
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Changed stop loss to previous lower high i.e. 83.900
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Stop loss hit