OscarVelazquez

Short AUDJPY Rising Wedge

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY reaccionó a una zona de doble techo, sin embargo formó un movimiento correctivo en forma de bandera de continuación alcista, viendo el macro se observa una posible formación de rising wedge en la cual faltaría el tercer toque antes de tener una caida a mediano plazo. hay que buscar setups en compra y ver como reacciona a la zona de resistencias marcada en amarillo. estoy buscando mi setup en venta en la zona azul marcada

AUDJPY reacted to a double top zone, however it created a corrective flag movement. Analyzing it long term we can see a possible rising wedge formation so we would be waiting for the third touch for a long term fall in this pair. We should look for buying setups and see how it reacts when it gets to the resistance zone marked with yellow, im looking for my sell set up in the blue zone
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