AUDJPY seems to be respecting the up trend, rally in an ascending channel.
Price has recently bounced off our support lines (both horizontal and ascending channel trend line) and is expected to test resistance, possibly forming a triple top pattern. If that happens, we will be looking to short from that resistance level.
In our current situation, I took long positions at market price and targeting 80.800 with stops at 79.500
Price has recently bounced off our support lines (both horizontal and ascending channel trend line) and is expected to test resistance, possibly forming a triple top pattern. If that happens, we will be looking to short from that resistance level.
In our current situation, I took long positions at market price and targeting 80.800 with stops at 79.500