Rising Trendline broken with Flag & Rising wedge on AUDJPY Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Feb 6, 2017 7:33 AM

It can be observed on the 15 mins chart that Price action has broken the rising trendline on the AUDJPY pair and has formed a sort of a flag pattern which also resembles a rising wedge.

Short Entry: 86.22 to 86.23

Stop: Above 86.45

Target: 85.71 to 85.68

Trade active

⋅ Feb 6, 2017 8:04 AM

Trade closed: target reached

⋅ Feb 6, 2017 2:02 PM