Audjpy found itself making a move up due to a falling wedge breaking. Now it looks to be flagging, to make sure the trade works in our favor we will wait till the price action close above the upper trend-line. Then target the rectangle. Dont forget to wait for a break of the trend line to confirm the trade. Getting in to early can cause draw-down.
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.