AUDJPY, 8hr tf, double top possibility and triangle pattern
There is a possibility AUDJPY forming a double top on the daily chart. Price also broken below the ascending trend line which has supported AUDJPY for 4 months.
Taking a deeper look into 8hr chart there is a possiblity of triangle pattern also forming. Price already broken below the support and currently we are on the retest process of broken support.
Sell AUDJPY 75.20-25
Stop loss 75.65
Take profit 1 @74.30
Take profit 2 @73.40
Taking a deeper look into 8hr chart there is a possiblity of triangle pattern also forming. Price already broken below the support and currently we are on the retest process of broken support.
Sell AUDJPY 75.20-25
Stop loss 75.65
Take profit 1 @74.30
Take profit 2 @73.40
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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.
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.