Price in AUDJPY is in a consolidation, moving into a triangle pattern. In MACD we have a huge divergence which shows we might soon have a breakout above the triangle. In this case we should wait for a smaller correction, watch for a buy setup and go long.
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Price broke above the pattern. Keep an eye for a buy setup..!
Komen:
As expected price pulled back after the breakout to test the broken upper bond of the pattern.
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