AUDJPY 1hour Analysis December 15th, 2020
Price is forming a falling wedge which favors a corrective bullish pattern. We are looking for price to find support around 78.20. We can enter aggressively there on bullish engulfing, or we can wait for a break and retest of the corrective structure. Looking for a clean break above 78.4. Drop down timeframes to play the retest, and enter on bullish engulfing/variations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.