AUDJPY: Descending Triangle spotted....!

26 thg 6, 2020

AUDJPY
This is a LONG idea for this pair. It will take a minute to complete, but the wait will surely be worth it.
On the last leg to complete this continuation pattern. I the 200 EMA will act as dynamic support when that leg comes down, and price will likely bounce to profit glory!
Of course, one could short this pair to the support side trend line, and then buy the bounce. If that is your style, go for it!
Agree or disagree, please leave me a comment. I appreciate your consideration of this setup.
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Thank you.