AUDJPY was trading in Descending Triangle pattern and also it is trading near the support line of Descending Triangle pattern. If the price level closes below the support line of descending triangle then we might see further downside in pair. Trader can catch 50 to 100 pips of downside by taking short side trade on pair, if it breaks out from the descending triangle pattern.

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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.