AUD/JPY Shorting Opportunities

AUD/JPY Selling opportunities presenting itself on this pair with a larger timeframe corrective channel. By using the three touch method, we can project some exhaustion before a move downwards.

A few points of confluence are as follows:

- corrective nature which has happened historically
- three touch method at channel highs
- previous area of market structure is where current price action sits
- slow in momentum at current resistance zone, showing sellers creeping back in

This is my take on AUD/JPY for the start of 2020. Happy trading folks!