AUDJPY is showing us a really nice flat correction.
A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5).
We are currently in C wave, subwave 4. Expecting subwave 5 soon.
Trade Idea: - Watch for breakdown of subwave 4 correction - Entry after break of red trendline - Stops above the highs of the correction - Targets: 90.5 (330pips), 89.1 (480pips)
Hi, if wave 4 intersects wave 1, then the count is incorrect, so it cannot be the 5-wave C. I expect that we will see another higher high in the AUDJPY currency pair this year. After that, I expect a stronger correction.
reserved010
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Great analysis sir! Do you think CADJPY will follow similar path/downtrend in your opinion please?
WicktatorFX
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@reserved010, Yep, just copy the chart drawings on to your CADJPY chart
reserved010
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@WicktatorFX Very much appreciated sir! I really like your clean, tidy and clear charts. Thank you
Spideyboy99
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I would love to join your premium signal group, how can I join please?... is there a way I can contact you?
parissap
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nice job
suetaylor822
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Hi there
FieryTrading
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Nice chart mate🔥
JoeChampion
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Lovely work, i agree on JPY strength over commodities!
I expect that we will see another higher high in the AUDJPY currency pair this year.
After that, I expect a stronger correction.