Let's take out the sellside liquidity

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AUDJPY has not succeeded in attaining fresh highs over the past few weeks. Presently, a distinct downtrend is evident, characterized by the formation of successively lower highs.

Beneath the wick that was established on October 3, 2023, there is anticipated to be a substantial pool of liquidity. Accordingly, we are initiating a short position with the objective of capitalizing on the sell-side liquidity.

The trade offers a Risk-Reward Ratio (RRR) of 2.5 to 1.

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