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marshallblack
Jul 29, 2018 11:20 AM

AJ Wave 3 Up? Long

AUD/JPYOANDA

Description

Looks like AJ Completed a wave 2 pullback at the .618 retracement of Wave 1. The RSI Is clearing showing bullish engulfing, while last week's four hour close was very bullish behind strong buy volume. This could be the start of our wave 1 within a wave 3, in which case many speculators look to buy in a 'three of three' sequence. If AJ shows signs of a wave 1 followed by a zig-zag ABC wave two, I will be looking to get in long for the 'three of three' . Updates will be posted below, Good luck all!
Comments
Tradingsniper
Good call Marshall looking to long myself for a big bag of Pips ..... However we have JPY retail sales data in 4 hours or so which could swing the chart in the short term
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