paulsandhu
Long

Downward wedge w/ RSI divergence

FX:AUDJPY   Australian Dollar / Japanese Yen
A great long opportunity has been presented as there is a bullish downward wedge formation on the AUDJPY at a key level. In this formation is bullish RSI divergence as well as bullish momentum has been confirmed on the daily. There is potentially a bearish Gartley forming on the 4h. However, in my opinion the daily formation outweighs the Gartley . Fundamentally, the markets are back on risk-on mode, which is bullish .
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