AUDJPY 24 FEB 2023

As per Dow Theory this setup seems to form new Lower Low on 4hrs frame. As per daily Chart AUDJPY failing to make new highs since 13 SEP 22. On 20 Dec 22 price fall to make a new Lower low which is the confirmation of trend reversal. Strategy would be Short on strength on Lower time frames

Trade Plan
Short Call :
Entry Price : 91.734
Stop Loss : 93.237
Target Price 1 : 90.228
Target Price 2 : 88.748

( Lot Size 0.09 as per Capital of USD 10000 1% Risk)