AUD/JPY - Technical Analysis.
Bias Bullish overall
ASCENDING TRIANGLE PATTERN
AUD/JPY have been trading in this channel from since the high of June
2023, we seen price form support around 91.80 which was the beginning of this triangle pattern, we had funadamental on JPY Where the BOJ Hike its rates which is a boost for the Yen.
pat attention to your timeframes for entries.
ASCENDING TRIANGLE PATTERN
The ascending triangle pattern is similar to the symmetrical triangle except that the upper trendline is flat and the lower trendline is rising. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. Price approaches the flat upper trendline and with more instances of this, the more likely it is to eventually break through to the upside.
Bias Bullish overall
ASCENDING TRIANGLE PATTERN
AUD/JPY have been trading in this channel from since the high of June
2023, we seen price form support around 91.80 which was the beginning of this triangle pattern, we had funadamental on JPY Where the BOJ Hike its rates which is a boost for the Yen.
pat attention to your timeframes for entries.
ASCENDING TRIANGLE PATTERN
The ascending triangle pattern is similar to the symmetrical triangle except that the upper trendline is flat and the lower trendline is rising. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. Price approaches the flat upper trendline and with more instances of this, the more likely it is to eventually break through to the upside.
Trade closed: target reached