AUDJPY - Short

Motives:

- Blue group of EMA's well spread and pointing down;

- Formation of a bearish pennant pattern;

- Inside bar (within the bearish pennant) - trade only in the direction of the trend

Entry @ 79.24

SL @ 81.25

Full target of pennant pattern ~ 72.50 or key round 72 level.

Trade management: box in units of risk-to-reward ratio.

Lets see what happens!

Happy trading!