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NDOBObanks

AUDJPY Bullish Falling Wedge Breakout

Long
Australian Dollar / Japanese Yen (SAXO:AUDJPY)  
NDOBObanks Updated   
SAXO:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis priceactionanalysis priceactiontrading AUDJPY audjpylong audjpyanalysis audjpybuy wedgebreakout Trend Line Break
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trendanalysis chartpattern beyondta priceactionanalysis priceactiontrading audjpy audjpylong audjpyanalysis audjpybuy wedgebreakout trendlinebreak
When looking at the times frames higher than the daily timer we see the pair remains bullish despite this pullback, hence we are only looking for
buying opportunities at the moment.

We have listed the confluence we are in line with our current buying setup as follows:

  • Key level breakout.
    Change in market structure from bullish to bearish.
    Trendline breakout.
    Falling wedge breakout.
Trade active
Comment:
Price is moving nicely
Comment:
The pull back was deeper than expected, but the price is heading towards our target.
Trade closed: target reached
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