Rawssil

Descending triangle but be carfull.

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Hello everyone, we have a nice configuration of the descending triangle, price is close to the SMA, Fibonacci level + support level which becomes resistance. We see that the last large green volume has properly regulated the bottom trend line, the adjacent side of the triangle if I may say so.
Nevertheless, the market is well controlled, we can even see a triangle in terms of volume. Be careful, it can still be what is called a symmetrical triangle and the break can also be bullish.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.