AUDJPY Triangle Breakout
On the 15 time chart we see the AUDJPY consolidating within a Symmetrical Triangle.
Price has to move out of the consolidation. With this pattern you need to wait to see which side it breaks.
To exclude a false break a long could be considered from point c and a short from point d.
The idea is only for a short term scalp.
Price has to move out of the consolidation. With this pattern you need to wait to see which side it breaks.
To exclude a false break a long could be considered from point c and a short from point d.
The idea is only for a short term scalp.
Trade active
Price has broken to upside.... look for a long scalp....
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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.
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.