AUDJPY (30 MIN) - Wedge pattern
Horizontal wedge patterns are not easy. Some people believe they will break up at the top of trend, while others believe the opposite. All one can do if shoring is take a reasonable stop-loss to include the potential for spikes and false breakouts for the north.
Base on higher time frame analysis I favour the south, but this is not a recommendation to short.
Base on higher time frame analysis I favour the south, but this is not a recommendation to short.
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