AUDJPY Rising Wedge And Potential Short Opportunity
Pair / Instrument: AUDJPY
Time Frame: H4
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BEARISH
Description: AUDJPY forming a rising wedge pattern. The pattern is a bearish continuation pattern. Break down the wedge will lead the price 80.40 and 80.00.
Trade Based On: Rising Wedge Pattern
Area Of the Entry: Estimated 81.00 ( Wait for the breakout )
Stop Loss: 81.30
Target 1: 80.50
Target 2: 80.10
Extended Target: 79.80
Update: Targets Reached 110 Pips.
You can view the trade: AUDJPY Rising Wedge
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDJPY Rising Wedge Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility