Fx_Trader_ViSa

AUDJPY Crucial Point Of Trend Continuation.

OANDA:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is trading in rising wedge . Now it is trading in narrow range of rising wedge . This means that sooner or later we might see either sideways movement in AUDJPY or decisive trend action after breakout from rising wedge on either upside or downside. If it breaks on upside our first target will be the resistance line of channel pattern and if it breaks out on downside, our target will be the support line of channel pattern.

Like/Comment/Follow For More Idea
Note - Trade With Proper Risk Management System Only

Thanks

Comments

Rising wedge in an uptrend tend to lead to trend reversals.
Reply
Fx_Trader_ViSa MikulovicFOREX
@MikulovicFOREX, yes correct but as considering volatility in current market, trade on breakout only or at support or resistance levels.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out