AUDJPY Potential Bearish Butterfly And Short Opportunity

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AUDJPY completed its retracement from 83 USD. The fractal trendline is broken. If the pair breaks above 82.40, it is likely to retest 82.80 - 83.00 region. A potential Bearish Butterfly pattern would be completed at D. A minor retracement is predicted.

TIMEFRAME: M30
THE PATTERN: Bearish Butterfly
AREA OF THE ENTRY: 82.80-82-85
STOP: ABOVE 83.10
TARGET: 82.60
TARGET 2: 82.40
NOTE: This retracement can be the last minor retracement before the new bullish rally.