AUDJPY Channel Short Trade

AUDJPY H4

I am watching this channel from past few sessions. Details [here].



AUDJPY pair is making out a rising channel on H4 charts. So far this channel is holding well and is a good resistance to any spikes. 



I expect this channel to hold on any spikes. I plan to go short on touch spikes towards the upper trendline for a possible move towards mid of the channel. Stop loss will be break and daily close above the highs.