AUDJPY - Pullback on Ascending Wedge break - Attempting a short
- Clean break of an Ascending Wedge being a consolidation on a longer term view
- Tricky pullback forming a kind of diamond pattern on top (on this TF but on 4H, it is a double top)
- Now seems like a good timing to enter, aiming above last low at 89.70 for a first TP and a hold for long term for the rest of the position. SL above the top pattern at 92.50
- Tricky pullback forming a kind of diamond pattern on top (on this TF but on 4H, it is a double top)
- Now seems like a good timing to enter, aiming above last low at 89.70 for a first TP and a hold for long term for the rest of the position. SL above the top pattern at 92.50
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.