AUDJPY - A start of another bearish leg?

PAIR IN FOCUS: AUDJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

Price has once touched the upper bound of the rising wedge pattern. Price actions seems to reveal a rejection off it again, while forming a lower high. This could be the start of another bearish leg. These are some areas to look out for good R:R set-ups. Watch for bearish price action before any entry.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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