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AUDJPY, another leg up for a better R:R
Hi Traders,
JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and higher lows indicating we still have further development on this correction before completed. I will be interested in a sell position only if bearish price action is confirmed.
Trade Safe
Thank you
JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and higher lows indicating we still have further development on this correction before completed. I will be interested in a sell position only if bearish price action is confirmed.
Trade Safe
Thank you
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