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justatrader
Oct 6, 2016 5:17 AM

AUDJPY - Rising Wedge Short

Australian Dollar/Japanese YenFXCM

Description

Steep increase in prices, H4 formed a doji followed by a series of bearish candlesticks. The rising wedge pattern is not yet completed as a potential to move back to 78.80 - 79.02 is likely. Still, expect to see a reversal here for AUDJPY to target 78.00 followed by 77.40
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