AUDJPY Possible Short PositionAustralian Dollar / Japanese YenFOREXCOM:AUDJPYGreggiBondMarket Overview / Thesis On the 1-hour (H1) time frame, AUDJPY is approaching a major structural resistance and supply zone around the 114.410 level. Price action shows signs of deceleration as it tests this key threshold, which lines up with previous market structure. This sets up a clean opportunity to fade the move and target a downward continuation. Execution Strategy We are not entering this position immediately with a blind limit order. Instead, we will exercise patience and monitor price reaction upon the retest of the 114.410 zone. We will drop down to the 5-minute or 1-minute lower time frames to look for explicit entry confirmation—such as a shift in market structure or a strong rejection candle—before executing the short trade. Exact Trade Parameters Asset / Pair: AUDJPY Direction: SHORT Entry Level / Zone: 114.410 (Pending lower timeframe confirmation) Take Profit (TP): 30 pips Stop Loss (SL): 10 pips Risk-to-Reward Ratio (RRR): 1:3 Risk Disclaimer Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always manage your risk properly, use appropriate position sizing, and never risk more than you can afford to lose.