Mahtab_Tradia

AUDJPY Triangle Pattern Breakout

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
As you see in the 4H chart, we have an uptrend and price is on the ascending trend line.
In the last downside move, price has made a lower low and didn’t touch the trend line.

Moreover, a triangle pattern has been created and broken out to the upside.

IF price pulls back to the pattern and pushed to the upside, we can expect the price to rise around the dynamic resistance level which has been tested twice by price before.

Entry levels can be around 83.700 - 83.800 which is a demand level to me and can push the price to the up.

What do you think about AUDJPY? Do you have a same view as me?
Feel free to share your ideas in comments.


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