AUDJPY is trading in a Rising Wedge pattern. Considering this pattern it may continue the same for some more time, we may see a pullback in AUDJPY , as it is trading near the resistance line for the rising wedge . We may see price pullback towards support 1, as the first target then crossing point of support 2 and support of rising wedge pattern, as the second target. One can initiate a trade at this level with a stop loss just above the resistance of the rising wedge pattern.

Note – Trade With Proper Risk Management System

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.