ezodisy
Long

audjpy -- bullish, completed 5

FX:AUDJPY   Australian Dollar/Japanese Yen
34 3 1
This pair has charted five waves up from a truncated low. I do not view this as a C wave from the low due to price's position in the weekly chart (ending diagonal -- see chart below). Simple strategy here is to buy a three wave correction for the next move higher.

snapshot
fxfxfx
4 months ago
Recommended entry level for long-term BUY? Thanks
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ezodisy fxfxfx
4 months ago
An ABC correction like this is common for wave 2.....

snapshot
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ezodisy
4 months ago
If we have a correction for wave 2 now, then I'd look for a 50% - 61.8% correction of those whole five up. Some kind of ABC three wave correction. Yes for a buy. I will update next week when I see some kind of three wave move.
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