AUD/JPY BREAK OUT OF 2 YEAR TRENDLINE
AUD/JPY BREAK OUT OF 2 YEAR TRENDLINE RESISTANCE & ASCENDING TRIANGLE
We can see the AUD/JPY pair close above the trend line resistance, after having a failed breakout previously, we are coming
back to attempt another breakout.
Looking closer, it is also playing towards the end of an ascending triangle, a potential retest of the trendline resistance turned support will
open up the entry to the long side.
We can see the AUD/JPY pair close above the trend line resistance, after having a failed breakout previously, we are coming
back to attempt another breakout.
Looking closer, it is also playing towards the end of an ascending triangle, a potential retest of the trendline resistance turned support will
open up the entry to the long side.
Trade closed: target reached