RISING WEDGE AND STRUCTURE ON AUDJPY

hey traders,

audjpy is approaching a significant level of resistance.

actually, if you open this chart on a daily, you will notice that this pair is trading in a range between 77.7-79.8
from February.

now the market is once again approaching a resistance,
with the formation of a rising wedge we have very nice potential trade.

just sell the breakout of a rising wedge,
with you initial target around 78.6

and the second, based on the support of the range.

good luck!

Kommentar:

attempt to break

Kommentar:

Test of resistance line

Trade ist aktiv