Australian Dollar / Japanese Yen
Short
Updated

AUDJPY - SHORT - RISING WEDGE - RSI DIVERGENCE

279
AUDJPY CORRECTING FROM IT'S PREVIOUS BEARISH IMPULSE AND DURING ITS CORRECTION THIS PAIR HAS FORMED A RISING WEDGE AND
SOME RSI DIVERGENCE.

SELL ON BREAK AND CLOSE BELOW THE LOWER OF THE WEDGE PATTERN

TARGET 1 IS BASED ON AND TARGET 2 IS A CONFLUENCE BASED ON 1.272 ON THE FIBONACCI EXTENSION AND 100 ON PROJECTION
Note
TP 1 HIT
Trade closed manually
TP 1 only achieved - im doubting whether TP2 would be hit

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