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Australian Dollar / Japanese Yen
Short

RISING WEDGE AND STRUCTURE ON AUDJPY

By VasilyTrader
Updated
snapshot

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!
Note
attempt to break
Note
Test of resistance line
Trade active
Chart PatternsDivergenceTechnical IndicatorsRelative Strength Index (RSI)structureTrend AnalysisWedge
VasilyTrader
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