AUD/JPY: The triangle broke, what's next?
Updated
We have a nice triangle pattern which broke a couple of hours ago, with a successful retest.
EMA100 on H4 acted as a resistance and price didn't manage to go higher.
Price also broke the daily pivot with a power candle, suggesting sellers are in control.
I sold @ 75.024 and will target the next fib level @ around 74.700 - 74.720.
Trade at your own risk.
EMA100 on H4 acted as a resistance and price didn't manage to go higher.
Price also broke the daily pivot with a power candle, suggesting sellers are in control.
I sold @ 75.024 and will target the next fib level @ around 74.700 - 74.720.
Trade at your own risk.
Comment
Comment
I am selling these pullbacksComment
The bigger picture. The trendline is valid to me since it has been tested at least 3 times. Expecting a drop in the next hours. In case it doesn't I will monitor my SL manually
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