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

Still the same idea though..
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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