Now, I think it's time to liquidate longs and even go short as this pair is fast approaching a strong resistance. and patterns point to lower prices. Also a clear 5-wave structure is visible on the 1-hour chart. The move from C to D might well be a C wave of a ABC correction. If this is the case, expect a massive run to unfold. But if the channel is broken and the 100% APP projection is violated, that would mean that the pair is a great run. Thus this is a make-or-break time for AUDJPY .
Ali Sharif Azadeh, CFTe