ezodisy

audjpy -- corrective, to buy

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
This pair has drawn out three waves down from the last high. It may be forming an ending diagonal here for another move higher. There are several factors suggesting another impulse up to come -- fibs, divergence, monthly structure (ED). Very good R/R here. For a safer trade, buy on a break of the trendline from 81.46.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.