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AUDJPY MAY BE SOLD | 09032017

Hello my dear fellow community members,
The AUDJPY has broken below from a rising trendline. A pullback is anticipated to the trendline and get rejected to sell it. Here is the chart showing the setup.
AUDJPY DAILY CHART
I am looking for a pullback to enter SHORT.
Any comments or suggestions about the setup are welcome.
Happy trading.
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AUDJPY to travel in the channel

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI and Stochastic Fast Indicator
AUDJPY Weekly Chart
The pair has started the year 2017 on a strong note and has reached from 84.27 to 85.81 at the time of writing this post.
AUDJPY Daily Chart
The pair is obviously in an uptrend but the recent price action suggests a correction which is occurring in the form of a channel formation. I expect this correction to continue until the end of Februa…
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AUDJPY

The AUDJPY pair looks like making a pennant which is bullish but the pair is in downtrend from a long time. But seeing the bullish pattern if it is able to break to the upside then next stop is at 80.20 . But looking at the bearish long term outlook I will go with the price that it will follow in case no breakout occurs, and that price will be near 75.85 on 1 Nov 16 at 1200 GMT.
DAILY CHART

4H CHART

The real uptrend or downtrend will be decided only after the pair breaks below or above the sup…
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