This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
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AUDJPY is trading in rising wedge. Now it is trading in narrow range of rising wedge. This means that sooner or later we might see either sideways movement in AUDJPY or decisive trend action after breakout from rising wedge on either upside or downside. If it breaks on upside our first target will be the resistance line of channel pattern and if it breaks out on...
