AUDJPY Rising Wedge Breakout

Oct 20, 2020

A nice little trade caught in the night. I took the Fib retracment from the previous swing on the 4HR then we saw the market retrace up to the 50% and form a perfect example of a rising wedge. My minimum price objective was to the previous low and was set for the breakout three quarters the way through the pattern (This is where you should see the breakout occur)