AUDJPY, Another Bearish Momentum?
Updated
Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY!
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
AUDJPY is breaking out of the ascending broadening wedge pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
AUDJPY is breaking out of the ascending broadening wedge pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDJPY"
Comment
Target 1 Reached, See you on the next target.Trade closed: target reached
Done Target 2, See ya in the next roadmap!
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.