PHICAPITALINVESTMENTS

AUDJPY Daily Possible Sell Setup

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
Watch for a break to the downside here of the structure almost fully developed (shown in purple).. downside because I believe we are going to get back to following the direction of the upper level bear impulse (shown in brown).. if it breaks, I would still wait for it to go down a bit more before entering the Sell since I am also thinking this structure so far can just be the D wave of a complex correction and has the potential to go back up for a E wave (shown in white) before the start of the upper level structure's forecasted downside.

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