The rising wedge, is one of the most popular, but difficult consolidation correction pattern formation. Rising wedge formations are identified using two up-sloping trendline. In the case of AUDJPY it is in the developing as well. Multiple touches on both sides of the trendline is visible.
Right now, we are following this pair and expecting a breakdown, which will sooner or later touch the bottom trendline.
Further updates will be provided as the process develops.
Trade with care.
Right now, we are following this pair and expecting a breakdown, which will sooner or later touch the bottom trendline.
Further updates will be provided as the process develops.
Trade with care.