Aud/Jpy Failed To Make A Higher High!

This pair failed to make a higher high! The whole move up is a downtrend continuation pattern! If price breaks down it should be powerful as this will be a breakout trade on the daily time frame. Looking to sell this for a few days!!! I believe that when it does break down... it will create a double bottom around the area where the very long wick is to the left! There is a lot of bull volume in that area!!!

This is not a signal to sell. This is a trade idea only. You should wait and enter when your trade system tells you to enter. If you see price breaking down... you could enter then! Whatever you do ... DO NOT SELL THIS ONLY BECAUSE OF THE IDEA YOU SEE.. YOU HAVE TO WAIT FIRST because anything can happen!

So keep an eye on this pair next week!