AUDJPY : Time to Short

Shorting within the context of the overall bearish trend

• Overall long term trend is Bearish. Series of lower highs and lower lows remain intact.
  
• Break down below the low of the recent doji
  
• Failed to hold above 94.00 resistance
  
• Potential lower high and resumption of the bearish wave
  

Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician