AUDJPY - Pullback on Ascending Wedge break - Attempting a short
- Clean break of an Ascending Wedge being a consolidation on a longer term view
- Tricky pullback forming a kind of diamond pattern on top (on this TF but on 4H, it is a double top)
- Now seems like a good timing to enter, aiming above last low at 89.70 for a first TP and a hold for long term for the rest of the position. SL above the top pattern at 92.50
- Tricky pullback forming a kind of diamond pattern on top (on this TF but on 4H, it is a double top)
- Now seems like a good timing to enter, aiming above last low at 89.70 for a first TP and a hold for long term for the rest of the position. SL above the top pattern at 92.50
Penafian
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