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.
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