A bullish pennant that has formed on the daily chart of the AUD/JPY currency pair complements the bullish flag on the USD/JPY chart of the same timeframe. One should be very careful entering these two correlated trades to not over-risk their capital. The pattern can be used for a trend-continuation breakout trade if a candle close well above the upper border of the pennant. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line.
주문취소됨:
The trade setup has been cancelled as the currency rate had invalidated the pattern.
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