Week starting Sunday 23/02 - AUD/JPY, 2 possible entries
Week starting Sunday 23/02 - AUD/JPY
Rising Wedge formed.
No fundamentals for tomorrow on this pair.
Two possible entries, first will be if the bearish reversal continuation to trendline, Second entry if bullish reversal occurs, wait for price to hit resistance zone if it respects resistance possible entry on the reversal back down to trend line.
Waiting for Market to open, two possible entries = watching to see if continuation of rising wedge pattern or reversal towards resistance zone ands possible bearish reversal back down to trend line.
Will be looking to enter trade at two points = (1) Enter at trendline 73.527, TP 72.934, SL 74.505
(2) Enter at resistance zone 74.505, TP 73.527, SL 74.971.
Rising Wedge formed.
No fundamentals for tomorrow on this pair.
Two possible entries, first will be if the bearish reversal continuation to trendline, Second entry if bullish reversal occurs, wait for price to hit resistance zone if it respects resistance possible entry on the reversal back down to trend line.
Waiting for Market to open, two possible entries = watching to see if continuation of rising wedge pattern or reversal towards resistance zone ands possible bearish reversal back down to trend line.
Will be looking to enter trade at two points = (1) Enter at trendline 73.527, TP 72.934, SL 74.505
(2) Enter at resistance zone 74.505, TP 73.527, SL 74.971.