Captain_Walker
Short

AUDJPY (30 MIN) - Wedge pattern

FX:AUDJPY   Australian Dollar / Japanese Yen
Horizontal wedge patterns are not easy. Some people believe they will break up at the top of trend, while others believe the opposite. All one can do if shoring is take a reasonable stop-loss to include the potential for spikes and false breakouts for the north.

Base on higher time frame analysis I favour the south, but this is not a recommendation to short.
Comment:
Comment:
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus https://youtu.be/NjTdvALChwk]

Comments

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