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Australian Dollar / Japanese Yen
Long
Updated

AUDJPY Bullish Falling Wedge Breakout

169
When looking at the times frames higher than the daily timer we see the pair remains bullish despite this pullback, hence we are only looking for
buying opportunities at the moment.

We have listed the confluence we are in line with our current buying setup as follows:

  • Key level breakout.
    Change in market structure from bullish to bearish.
    Trendline breakout.
    Falling wedge breakout.
Trade active
Note
Price is moving nicely
Note
The pull back was deeper than expected, but the price is heading towards our target.
Trade closed: target reached
NDOBObanks
AUDJPYaudjpyanalysisaudjpybuyaudjpylongBeyond Technical AnalysisChart PatternspriceactionanalysispriceactiontradingTrend AnalysisTrend Line Breakwedgebreakout

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.
AUDJPYaudjpyanalysisaudjpybuyaudjpylongBeyond Technical AnalysisChart PatternspriceactionanalysispriceactiontradingTrend AnalysisTrend Line Breakwedgebreakout
NDOBObanks

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.