Target- A clear chart showing AUD/JPY looks to move higher
JPY charts have been on the move again. Looking at the AUD/JPY chart there is a clear defined bull flag on the 4 hourly chart.
But if we zoom out we can see that the overall trend is within this ascending wedge pattern (daily chart),with possible 3rd touch point to the upside likely in the coming days/weeks.
I will be looking for long positions on the lower time frames for entry points long, with a clear target that the price will move towards the target shown with a orange circle.
At this point I will be looking to tighten up my stops and wait for a reversal to the downside.
Have a great week everyone!
But if we zoom out we can see that the overall trend is within this ascending wedge pattern (daily chart),with possible 3rd touch point to the upside likely in the coming days/weeks.
I will be looking for long positions on the lower time frames for entry points long, with a clear target that the price will move towards the target shown with a orange circle.
At this point I will be looking to tighten up my stops and wait for a reversal to the downside.
Have a great week everyone!
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