SHORT AUD/JPY H4
Entry point: 93.00
Stop loss: 93.80
Profit target: 91.20
Trade explanation:
Fib. level 38.2 act like resistance and the trendline meet this level so this is a moment to take the short position because it seems like the price is trying to break the trendline.
On MACD we see a divergente and the 10,20 EMA are squeezing.