AUDJPY preparing a new decline
We have a confluence of 38% Fibonacci retracement and Declining trendline resistance wich is part of a falling wedge wich develop. This trade should be managed aggresively due the reversal chart pattern so consider to cover when price is near lower line of pattern.
Trade closed manually
Our trade was triggered and after covering we should been stopped out with little profits :
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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.