AUDJPY down under for AUD - Gosh I'm corny
AUD/JPY been forming a MAJOR Rising wedge over the last few months...
The reason why it's a Wedge and not a Pennant is because the formation has lasted longer than 2 months...
A Pennant is normally a very small version of a wedge (Under 1 month).
Now that the price broke below the Wedge means momentum is pushing down on the AUD.
Target 1 87.92
The reason why it's a Wedge and not a Pennant is because the formation has lasted longer than 2 months...
A Pennant is normally a very small version of a wedge (Under 1 month).
Now that the price broke below the Wedge means momentum is pushing down on the AUD.
Target 1 87.92
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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