Australian Dollar / Japanese Yen
Short
Updated

AUDJPY: Extension is Highly Probable

1 028
snapshot

AUDJPY is trading within the ascending triangle formation.

the price sets higher lows and respects the same high.

bullish violation of a horizontal resistance will be the perfect trigger to buy.

target levels:
75.6
76.0

safest stop will be below the last higher low.

in case of the bearish violation of the trend line, setup will be invalid.
Note
Idea marked as "SHORT"
but it is "LONG" :D

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