hey traders,
audjpy is approaching a significant level of resistance.
actually, if you open this chart on a daily, you will notice that this pair is trading in a range between 77.7-79.8
from February.
now the market is once again approaching a resistance,
with the formation of a rising wedge we have very nice potential trade.
just sell the breakout of a rising wedge,
with you initial target around 78.6
and the second, based on the support of the range.
good luck!
Note
attempt to breakNote
Test of resistance lineTrade active
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.