FX:AUDJPY   Australian Dollar/Japanese Yen
145 2 0
I cannot say that I trade this pair often but as Im bullish AUDUSD             and fairly neutral USDJPY             I thought, I should take a look @ this pair and the structure looks very interesting to say the least. I suspect we are in the beginning of a strong move to the upside to finish the C wave on a higher degree. The invalidation of this count is very clear - price must not touch the blue trendline before the 3rd wave (red) is done. The moment the blue trendline is touched before 3rd finishes, this count is out the window.
http://www.traderwgun.com/wp-content/uploads/2014/06/audjpy.png
http://www.traderwgun.com/wp-content/uploads/2014/06/audjpy1.png

looks more like a complex wave to me. Good luck! :)
Reply
could be a complex correction instead, no doubt about it. I'll keep my count as long as the trendline holds, if broken, I'll just reassess.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out