AUDJPY H4
Price is in a rising wedge bearish reversal pattern, & has rejected the bottom for a 3rd touch last week. Price also broke under a key area of support ( red zone ) & a retest of this region as new resistance to form a right shoulder, we may see the bearish momentum resume again to break the rising wedge & continue lower again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.