AUD/JPY BREAK OUT OF 2 YEAR TRENDLINE RESISTANCE & ASCENDING TRIANGLE
We can see the AUD/JPY pair close above the trend line resistance, after having a failed breakout previously, we are coming
back to attempt another breakout.
Looking closer, it is also playing towards the end of an ascending triangle, a potential retest of the trendline resistance turned support will
open up the entry to the long side.
We can see the AUD/JPY pair close above the trend line resistance, after having a failed breakout previously, we are coming
back to attempt another breakout.
Looking closer, it is also playing towards the end of an ascending triangle, a potential retest of the trendline resistance turned support will
open up the entry to the long side.
Trade closed: target reached
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.
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.