A trend continuation trade idea for AUDJPY

We are looking to short the AUDJPY pair if the price will make a come back to the 78.00 ( red zone ) , that could act as a good resistance, making stops above 81.00 and looking for targets around 74.00 to 73.50 ( 1.618 extension and on an important support zone on the Daily and monthly chart ).

Use your usual indicators to determine an overbought condition on a lower time frame.

Trade geschlossen: Ziel wurde erreicht:

We took a small position that allowed us to manage the stop of the position, and take full profits with that huge volatility.