TajereBartarFX

AUDJPY | The best scenario for a fall📝

Short
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
Hello traders, Symbol AUDJPY ,This analysis has been prepared in a weekly time frame but has been published for a better view in a 2 week time frame.
as you can see in the chart, has a side mode price, and we did this counting based on complex waves.
In this chart, first a zigzag is connected to a flat by an X-wave , and the last wave of this flat ( c-wave ) is completed in the form of a channel.
With the price coming out of the purple channel, we came to the conclusion that the felt is over and now we have considered two possibilities:
Probability 1: X-wave
Probability 2: Start of the leading waves
At the beginning, we considered the new wave to be an X-wave , which, using fibo and harmonic patterns , identified an area to form a wave from this X-wave .
We expect wave b in the form of a pullback to move to the purple channel to Fibonacci 0.618 and then continue its upward trend in the form of wave c.
If Fibo 0.618 is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
TajereBartar

Comments

Noticed your wave 4 has entered the price territory of wave 1, is that because your abc has an ending diagonal?
Reply