AUDJPY - Wait For a Breakout!
Short-term trade!
Wait for a breakout from the bullish chart pattern called Falling Wedge.
At least 1H candle has to close above the upper trendline. The bounce came from pretty nice crossing area:
- Fibonacci golden ratio
- Old support level (red line)
- Trendline (blue)
- Pattern bottom trendline
The trade should be triggered after the breakout, at least 1H candle close above the Falling Wedge (above the orange line)!
Feel free to support my effort by hitting the "LIKE", it is my only fee from You!
Best regards!
Wait for a breakout from the bullish chart pattern called Falling Wedge.
At least 1H candle has to close above the upper trendline. The bounce came from pretty nice crossing area:
- Fibonacci golden ratio
- Old support level (red line)
- Trendline (blue)
- Pattern bottom trendline
The trade should be triggered after the breakout, at least 1H candle close above the Falling Wedge (above the orange line)!
Feel free to support my effort by hitting the "LIKE", it is my only fee from You!
Best regards!
Trade closed: target reached:
Breakout and exactly into the target area!