moneymaking

AUDJPY: Ascending Triangle on 1 hour

FX:AUDJPY   Australian Dollar/Japanese Yen
Looks like we got an ascending triangle formed on 1 hour chart. In this trade setup, the price can break EITHER to the upside OR to the downside. Therefore, we look for a breakout to either side. If breakout to the upside, entry should be above the horizontal resistance line. If breakout to the downside, entry should be below the slope of the lower highs. See the chart for potential target levels for both buy and sell entry.
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