SteveNixon

Weekly Forecast Aussie Yen long (eventually)

FX:AUDJPY   Australian Dollar / Japanese Yen
170 0 27
This is currently difficult to call except that it will probably go long at one of the three points indicated.

If it's an higher degree ACB             correction it should come down to the point indicated.
On the other hand in may bounce within it's current lower degree corrective structure without going to C.

The third likely option is that it breaks out without bouncing down at all.

Of course none of it matters so long as you don't enter the trade until it gives us some more information.

All weekly forecasts will be updated as they develop so remember to follow to receive them.

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

Comment: We may have a break out - wait for an entry set up before getting involved
Comment: Could be an expanding Flat or a running flat - we'll know soon - either way the long term outlook remains bullish
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