AUDJPY: Bullish Divergence, Will It Go Even Further to 93.800?
Updated
Hi Fellow Forex Trader, Here's a Technical outlook on Aussie Yen!
Price Action Analysis
AUDJPY has broken out of the Symmetrical Triangle Pattern. The MACD Indicator also made a golden cross and hidden divergence, indicating a possible upside momentum to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Aussie Yen"
Price Action Analysis
AUDJPY has broken out of the Symmetrical Triangle Pattern. The MACD Indicator also made a golden cross and hidden divergence, indicating a possible upside momentum to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Aussie Yen"
Trade active
Hit Entry Trigger, Wish us the best luck :)Note
Yen: In line with our expectation, possibly going to drop even more :)Supported our current analysis on Aussie Yen Outlook
Note
Forming another continuation pattern :)Trade closed: target reached
Finally Reached the target after waiting for several weeks
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Disclaimer
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