Looking at the higher timeframe as you can see AUDJPY is in the strong bearish movement ,
so now we are looking for a short position to enter the market ,
we have seen a strong bearish candle broke the support and we haven't seen a retest back to the structure yet ,
what im seeing right here for the trade is a simple break and retest strategy , if we put a fibonacci retracement in play ,
we can expect price to retest back to the support lines up with the 61.80% fib from swing high to swing low ,
Let me know what you think about my anaylsis right here ,
Feel free to give it a like or comment if you agree with this idea .
so now we are looking for a short position to enter the market ,
we have seen a strong bearish candle broke the support and we haven't seen a retest back to the structure yet ,
what im seeing right here for the trade is a simple break and retest strategy , if we put a fibonacci retracement in play ,
we can expect price to retest back to the support lines up with the 61.80% fib from swing high to swing low ,
Let me know what you think about my anaylsis right here ,
Feel free to give it a like or comment if you agree with this idea .