AUDJPY H1 |
The upper trendline is in place since 25-Oct while the lower trendline is in place since 23-Oct. Since then price is constrained within this wedge.
There is also a small ascending channel. But currently price is restraining at the upper trendline of the wedge. There's a reversal bar on H1 & H4 charts as well.
I went short at 84.64 expecting a move towards the lower trendline of channel or mid of the wedge. Stop remains at yesterday's high at 84.78.
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