AUDJPY: End Of Correction Shows Long Setup

FX:AUDJPY   Australian Dollar / Japanese Yen
718 3
Price has broken above a three wave correction, after an impulsive upmove. We should wait for a buy setup to complete ideally after price consolidates above the broken level.
Agree. I'm on buy after this H1 consolidation breakout :

Let's see how this goes.
in NZDJPY with an almost exact pattern u are planning to SHORT right? thanks for sharing all your ideas
Well, it looks like the same but in my view it isn't.. In this pair it's clear that we had a three wave correction before price breaking above it. In NZDJPY i believe we are in the middle of a larger correction, and we might have anothe wave to the down. Besides that, no matter the analysis, we need a solid setup in order to jump in the market. Anyway this is my view.. Thanks for sharing..!
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