piphunters
Short

AUDJPY: Lookout for a break!

FX:AUDJPY   Australian Dollar/Japanese Yen
590 9 25
The pair is in a corrective structure after the recent impulse down and it looks like it's gonna break down as another impulse soon giving us a good opportunity to go short!

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Hey brother it just broke through pattern, is it still a good short?
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piphunters Visionary
yes, follow the upcoming price action and decide.
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Visionary piphunters
Awesome, you're the real MVP :D
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piphunters Visionary
thanks
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Agree but if you looking for a triangle, still there is one more wave to upside as wave (e)
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piphunters farid_ardavani
yes
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KVE farid_ardavani
Exactly what I was thinking..., 3 waves up and then possible a break lower...
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I got this
snapshot

Still the same idea though..
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This looks like a wave 4 triangle. or a complex wave 4. Either way, IF THIS IS the right assessment... when it breaks down, remember as a wave 4 it may not travel much past the previous bottom.
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