Here we can see AUDJPY in this 4hr bearish channel, clear as day, bearish!
In the smaller timeframes we can see we had a nice bullish channel short term which we can see has now broken, this along with the structure zone price is still in makes it all the better to look for shorts.
Once we break out of this we will look to enter to the next short term structure.
SL will be moved and will go the last previous high after the break of structure so that is there purely for illustration purposes at the moment.
In the smaller timeframes we can see we had a nice bullish channel short term which we can see has now broken, this along with the structure zone price is still in makes it all the better to look for shorts.
Once we break out of this we will look to enter to the next short term structure.
SL will be moved and will go the last previous high after the break of structure so that is there purely for illustration purposes at the moment.