AUDJPY consolidation triangle
AUDJPY has been rejected by the 76 again and has formed a consolidation triangle. A daily close above 76 is required for the upside continuation. A break below 73 will be valid for a high probability of short entry. After 5 waves up from 59 levels have been finished and a possible new wave of risk-off is coming a confirmed daily close below 73 would open downside reversal to 68.
Note – Look for the short trade entries with the stop loss above 74.80 upon a break below 73
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