Short Set-up _ EURAUD _ 1:6 RRR

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It seems that AUDJPY completed corrective ABC waves within a downtrend and currently completing possible wave 2 out of 5 new downtrend waves.

Also on a daily timeframe, AUDJPY hit 200MA which serves as strong moving resistance for this pair. Also, we can observe two strong resistance level 75.3 and 75.45. If these resistance levels hold - we can expect AUDJPY to go down at least 100pips.

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All comments and likes are very appreciated.

Best Regards,
I0_USD_of_Warren_Buffett

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