AUD/JPY shorts

15 août 2021

I'm looking at this for a major swing from around 81.000. SL is placed just above the 1W high and clear major resistance at around 81.500. With my furthest target (TP3), I'm targeting +230 pips, with TP1 & TP2 both labelled on my chart. Once we clear 80.600, price should open up for much more downside movement. This pair has been in a clear downtrend from around mid-June, I believe that bears are still not done, and we should see this remain the same for some time. 1:3.15 R:R.