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zorrays

AUDJPY - SHORT - RISING WEDGE - RSI DIVERGENCE

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
zorrays Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Wedge Fibonacci Trend Analysis AUDJPY audjpyshort Relative Strength Index (RSI) Fibonacci Retracement Fibonacci Extension Forex ｆｘ
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wedgepattern fibonacci trendanalysis audjpy audjpyshort relativestrengthindex fibonacciretracement fibonacciextension forex ｆｘ
AUDJPY CORRECTING FROM IT'S PREVIOUS BEARISH IMPULSE AND DURING ITS CORRECTION THIS PAIR HAS FORMED A RISING WEDGE AND
SOME RSI DIVERGENCE.

SELL ON BREAK AND CLOSE BELOW THE LOWER OF THE WEDGE PATTERN

TARGET 1 IS BASED ON AND TARGET 2 IS A CONFLUENCE BASED ON 1.272 ON THE FIBONACCI EXTENSION AND 100 ON PROJECTION
Comment:
TP 1 HIT
Trade closed manually:
TP 1 only achieved - im doubting whether TP2 would be hit
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